What is a fill or kill?
A ‘fill or kill’ is a type of order you can give to buy or sell at a specified price or better.
If your order can't be ‘filled’ at this price, it will be ‘killed’ or cancelled. This type of instruction is only offered when markets are closed, or when a live quote isn’t available. Live prices sometimes aren’t available due to market conditions.
What is the process?
A ‘fill or kill’ is only placed once by our dealers. If the markets are closed, we’ll carry out your instruction as soon as possible once they open. If markets are open and you can’t get a live quote, we’ll execute it as soon as we can.
How do I place a fill or kill?
If the market is closed or you’re unable to get a live quote, you'll see an option labelled ‘Place a fill or kill order’. Select this and follow the prompts.
You’ll get the option to place an instruction by amount (including or excluding charges), or by number of shares.
You can view or cancel your fill or kill instructions in the 'Pending Orders' section of your account.
Any online fill or kill orders that are executed will be subject to our dealing charges.