Fill or Kill orders are often used when a trader doesnโt want to accept partial delivery of assets. For instance, when they have a time-based demand to fill their orders on distinct and unlinked markets or exchanges. So a FOK order would allow them to create multiple orders and wait for one to be fully executed without taking the risk of receiving partial fills. After one of the orders is filled in its entirety, the trader is able to cancel the remaining ones.
As an example of a Fill or Kill use case, consider this following scenario:
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