What is Market Order?
- Market order is an order to buy or sell immediately at the best available price. It is entered with order size only, not price.
- The market order will be placed as limit order on the book with 10% price collar. That means the market order (whole or partial) will be executed if the real-time quote is within the 10% deviation from the market price when the order is placed. The unfilled portion of market order will be canceled.