What is an All or None Order (AON)?

An order is an instruction given by an investor to a broker or exchange to buy or sell a financial asset. One type of order that is often used is All or None Order (AON).

Understand more about All or None Order (AON) by reading this article to the end.

What is an All or None Order (AON)?

All or None Order (AON) is a type of order where the broker or exchange is required to execute the order only if the requested amount of the asset is fully available. In other words, this order requires full execution or not at all.

Suppose an investor wants to buy 100 shares of company X with AON. The broker or exchange will execute this order only if there are 100 shares of company X available for purchase. If only 90 shares are available, then the order will not be executed at all.

The Importance of All or None Order (AON)

There are three reasons why All or None Orders (AON) are important in crypto transactions, namely guaranteeing purchase execution, preventing order splitting, and avoiding price influence. The following is a complete explanation.

1. Guarantee Full Execution

By using AON orders, investors can be sure that their orders will be executed completely or not at all. This can help avoid situations where orders are only partially fulfilled, which could impact investment strategies.

2. Prevent Order Splitting

Sometimes, investors choose to break up a large order into several smaller orders to ensure execution. However, this can increase risks and transaction costs. With AON, investors can avoid splitting orders and still get full execution.

3. Avoid Price Influence

In cryptocurrency trading, where prices can fluctuate rapidly, AON orders can help investors avoid the risk of getting undesirable prices. By requesting execution only when the requested price and quantity are fully available, investors can control the execution of their orders.

Correlation of All or None Order (AON) with Cryptocurrency

AON orders have a strong correlation with cryptocurrency trading, mainly due to the high volatility and diverse liquidity of these digital assets. Here are some ways AON orders relate to cryptocurrency trading.

1. Control over Execution

In cryptocurrency trading, prices can change in seconds. AON orders allow investors to control the execution of their orders by ensuring that orders are only executed if desired conditions are fully met, such as the desired price and requested quantity.

2. Risk Management

High volatility is a characteristic of the cryptocurrency market. By using AON orders, investors can better manage risk by ensuring the full execution of their orders. This helps reduce the risks associated with sudden price fluctuations.

3. Prevention of Market Manipulation

AON orders can also help prevent market manipulation, especially in cryptocurrency markets that tend to be prone to speculative and manipulative actions. With AON orders, execution only occurs if certain criteria are met, reducing the possibility of price manipulation.

Conclusion

All or None Order (AON) is an important tool in trading, including cryptocurrency trading. By allowing full or no execution of orders, AON helps investors control their order execution, manage risk, and avoid unwanted order splitting. 

In the context of the fast and volatile cryptocurrency market, AON orders become a valuable instrument for investors to optimize their trading strategies.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via  Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappbeti. 

To be able to buy crypto assets on  Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC),  Ethereum (ETH ),  Solana (SOL),  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

What is an Orderbook?

SATS (Ordinals): What Is It and How Does It Work?

What is an All-Time High (ATH)?

DISCLAIMER: This article is informational and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.