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One-Triggers-Other — a rule where one order, when it fills, automatically submits a follow-up order. Often used as the entry-side wiring inside a bracket (the entry triggers the exits).
Why It Matters
OTO is what lets a bracket order ship the two exit orders as 'sleeping' — they don't go live until the entry fills, so you don't have orders out in the market protecting a position you don't yet own. Some brokers call a full bracket order 'OTOCO' (One-Triggers-OCO), meaning: the entry triggers, and what it triggers is an OCO pair of exits.
Key Points
- One order fills, a follow-up order automatically activates
- Inside a bracket: the entry fills, the two exits go live
- OTOCO = OTO + OCO (entry triggers an OCO pair of exits)
- Naming varies by broker (bracket / OTO / OTOCO)
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Bracket Orders & OCO
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Related Terms
Common Questions
One-Triggers-Other — a rule where one order, when it fills, automatically submits a follow-up order. Often used as the entry-side wiring inside a bracket (the entry triggers the exits). OTO is what lets a bracket order ship the two exit orders as 'sleeping' — they don't go live until the entry fills, so you don't have orders out in the market protecting a position you don't yet own. Some brokers call a full bracket order 'OTOCO' (One-Triggers-OCO), meaning: the entry triggers, and what it triggers is an OCO pair of exits.
OTO is what lets a bracket order ship the two exit orders as 'sleeping' — they don't go live until the entry fills, so you don't have orders out in the market protecting a position you don't yet own. Some brokers call a full bracket order 'OTOCO' (One-Triggers-OCO), meaning: the entry triggers, and what it triggers is an OCO pair of exits.
One order fills, a follow-up order automatically activates
Inside a bracket: the entry fills, the two exits go live
OTOCO = OTO + OCO (entry triggers an OCO pair of exits)