Series 3: 6.3.3.3. One-Cancels-the-Other (OCO)

6.3.3.3. One-Cancels-the-Other (OCO)

A one-cancels-the-other order is a pair of orders stipulating that if one order is executed, then the other order is automatically canceled. Also called an order cancels order, a one-cancels-the-other order combines a stop-loss order with a limit order. When either the stop or limit level is reached and the order executed, th