Market order

A market order is an instruction to trade immediately at whatever prices are available, consuming resting liquidity until it is filled. It guarantees execution, not price.

market microstructure · updated 2026-09-08

See also

• Limit order — A limit order is an instruction to trade only at a specified price or better. It rests in the order book until it is filled, cance…
• Slippage — Slippage is the difference between the price expected when an order was sent and the price actually achieved. Persistent slippage …

Terms that refer here

Limit order

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