all or none order (aon)

An all or none (AON) order is a type of transaction order used in the crypto assets market. Within an AON order, an investor expresses the desire to buy or sell a specific quantity of cryptographic assets, but with the condition that the entire transaction must be completed in full or not at all.

Characteristics of an all or none order

An AON order provides the investor with certainty that the transaction will be executed in full, avoiding partial execution. This is particularly important for large transactions, where an investor wants to avoid a situation where only a portion of the assets is sold or purchased.

Benefits of an all or none order

The benefit of an all or none order is increased transaction security for the investor, as it minimizes the risk of partial fulfillment. Additionally, with an AON order, the investor can also control the price at which they want to execute the transaction, which can be significant in crypto asset market transactions, where prices can be volatile.

Example of an all or none order

An example of an AON order could be a situation in which an investor wants to buy 100 units of a specific digital token at a certain price. An AON order guarantees that the transaction will only be executed if all 100 units are available for purchase at the required price. Otherwise, the transaction will not take place.

Summary

An all or none (AON) order is a tool that provides investors with greater transaction security and control over their execution. With an AON order, investors can avoid partial transaction execution and specify the conditions that must be met for the transaction to go through. This is an important tool in crypto asset market transactions, where price volatility can affect the transaction execution.