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Please help improve this article by expanding it. Further information might be found on the talk page. (June 2009) This article is an orphan, as few or no other articles link to it. Please introduce links to this page from related articles; suggestions may be available. (February 2009) In security trading, One cancels other (abbreviated as "OCO", and also known as one-cancels-the-other, or one-cancels-others) is a type of trade order that is composed of several conditional order parts. If one part of the order is filled, all other parts are automatically cancelled. OCO trades are typically used to manage risk. For example, a trader may own a stock, but want it to be sold if its price drops too high or too low. The trader sets an OCO order to (1) sell at the high price threshold and (2) sell at the low one. If either occurs, the counterpart trade is cancelled. References Weiss, David, "After The Trade is Made, Processing Securities Transactions", Portfolio; a member of Penguin Group, 2006