Definition and example
A market order seeks to buy or sell at available prices. It prioritises execution over control of a specific price; availability and market rules still matter.
Synthetic example: you see a last price of 100 and submit a buy; the fill arrives at 100.25. Seeing 100 did not guarantee buying at 100. Check executed quantity and price after submission. Demonstration behaviour may be simplified: understanding its rules prevents attributing precision it does not model.
Sources and references
Chezur examples and explanations are educational. Consult the original source to verify conditions, data and updates.
Context and review of this explanation
What does a market order prioritise?
- Topics
- Orders and execution
- Level
- Beginner
- Skills
- Explain an order instruction
- Examples
- Hypothetical situations illustrating the concept.
- Specialist review
- Not documented for this edition. Automated structure and internal-link checks do not establish specialist review.