Market order
An order designed to execute quickly against the best available opposite-side prices.
Plain languagePractical exampleConnected reading
01
What is it?
An order designed to execute quickly against the best available opposite-side prices.
02
Why does it matter?
It raises execution probability but creates price uncertainty in thin or fast markets.
03
How should it be read?
Review order size, spread and visible depth before using it.
04
Common mistake
Assuming the last traded price is guaranteed for the entire order.
A simple example
A large market order can consume several price levels and worsen the average fill.