Monday, April 11th, 2016

In stock trading, does the All or None option prevent you from being charged for more than one trade?

If I want to buy 150 shares of a stock at a price I want and Un certain I do not have the All or None option Turned On, Will I be charged for more than one trade in order to get 150 shares sonce I am not buying all the shares at once? I have an online brokerage account with Zecco. since, not sonce

Comments

3 Responses to “In stock trading, does the All or None option prevent you from being charged for more than one trade?”
  1. Len says:

    The “all or none” option instructs the market maker to accumulate your desired number of shares in one tranche or forget the trade. I do this on most trades to avoid winding up paying the commission for just a few shares. I once paid the brokerage for a single share—of a penny stock, no less! I was furious, got the brokerage to reverse the transaction and they gave me the share for free.

    AON is the way to go when you won’t settle for less than the number of shares you want. Right now I have two trades set to execute in the morning, both are an AON arrangement. I don’t do it solely to save on commissions…it’s mostly so that I don’t have to think about setting up additional trades—I want to know that the execution takes care of my intent and I’m free to move on to other matters.

    When an order is split due to the slow availability of shares to complete your trade, you will be charged for one commission IF EXECUTED ON THE SAME DAY.

    Len

  2. The Old Guy says:

    AON (All or None) is a qualifier used for entry given the instructions to execute the entire order or do nothing, it is not used for control of commissions/fee charged on a trade.

    Some firm charge the commissions/fees either on an order or on an executions. Some for will take the order and regardless of the executions taken to execute the entire order on a given day, charge for one commission for that order.
    Other firms will charge commission/fee on each execution it takes for each order.

    I’m not sure how Zucco charges, but some of the firms I use charge on the order for major markets, OTC trades may incur charges based on executions.
    Usually in the OTC there may be more than one firm on the other side of your trade which may incur additional fees, thus a firm may charge you for each execution.
    Check with your firm, not all firms are the same nor are all market the same.

  3. New says:

    It eithers buys all the shares or do nothing.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*