n NISM Certifications
VIII NISM Series VIII
Medium

What happens to the unmatched portion of an IOC order?

Practice question from NISM Series VIII - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It remains in the order book

  2. B

    It is executed later

  3. It is canceled

    Correct answer

  4. D

    It is routed to next day's trading

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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