Aon
n.
American corporation headquartered in Illinois, holding company which operates several insurance and finance companies worldwide
Aon
Äon (der)
n.
aeon, immeasurably long period of time, age, eternity; (Geology) longest measure of time (made up of two or more eras)
Aon
[Greek] A Greek hero, son of Poseidon, who was venerated particularly in Boeotia. Boeotia was also known as Aonia, named after him.
All or none order (AON)
Used in context of general equities. A
limited price order that is to be
executed in its entirety or not at all (no partial transaction), and thus is testing the strength/conviction of the counterparty. Unlike an
FOK order , an AON order is not to be treated as
cancelled if not executed as soon as it is represented in the
trading crowd , but instead remains alive until executed or cancelled. The making of "all or none"
bids or
offers in
stocks is prohibited, and the making of "all or none"
bids or
offers in
bonds is subject to the restrictions of Rule 61. AON orders are not shown on the
specialist's book because they cannot be traded in pieces. Antithesis of
any-part-of order . See:
FOK order .