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A Limit IOC order is an order to trade at a specified limit price or better.
The order will be canceled, if not filled in full.

When placing a Limit IOC order, a trader may specify a tolerance.

Tolerance can be specified either as a fixed price increment or as a percentage of the current market price.

If the client specifies a tolerance, the broker may fill the order at a worse price than the trader had seen on the screen, provided the price difference does not exceed the client’s specified tolerance.

You usually cannot cancel IOC orders after submission.