This article describes OTOCO orders.
OTOCO Order
OTOCO means "One Triggers OCO". It is a contingent order consisting of one primary order and one or more secondary orders. When the OTOCO contingent order is placed, the primary order becomes active, while the secondary orders remain inactive. Once the primary order is completely executed, the secondary orders are automatically triggered (activated) and become an OCO contingent order. The type of the secondary orders changes from OTOCO to OCO.