Hello, I'm an expert in the financial sector with a focus on trading and investment services. I'm here to provide you with detailed insights into the world of finance, particularly regarding trading platforms and order types. Now, let's dive into your question about "day and IOC in Icicidirect". Icicidirect is a trading platform provided by ICICI Securities, which is one of the largest financial services providers in India. It offers a variety of services, including trading in equities, derivatives, mutual funds, and more. Day Order: A day order is a type of order that remains valid for the entire trading day. If the order is not executed by the end of the trading day, it expires. This means that if you place a day order and the conditions for execution (such as the price reaching a certain level) are not met by the close of the market, the order will be automatically cancelled. Day orders are quite common and are typically used when an investor has a longer-term view on a trade and is not in a rush to execute it immediately. Immediate or Cancel (IOC) Order: As you mentioned, an Immediate or Cancel order is an instruction to a broker or trading platform to execute a trade immediately. If the order cannot be filled in its entirety right away, any remaining portion of the order is cancelled. This type of order is used when an investor wants to ensure that a trade is executed as quickly as possible and does not want any part of the order to remain open or pending. IOC orders are particularly useful in volatile markets or when trading fast-moving securities where prices can change rapidly. Now, let's translate the above explanation into Chinese. read more >>

An immediate or cancel order (IOC) is an order to buy or sell a security that must be executed immediately, and any portion of the order that cannot be immediately filled is cancelled.read more >>