A <a< a> href=M arket_Orde r>m< a>arket order<a> is < a href="">an o< a>rder to bu y or< a> s< a>ell a <a h< a href="">ref=< a>Security>securit y<a > at =>the best avail< a href="">able< a> <a href=P< a href="">rice< a>>price<a> in the curr< a>ent marke t. It is the m ost c ommon< a href=""> type of order a< a href="">nd i< a>s filled i mmed iatel< a href="">y at< a> the best < a href="">avai< a>lable <a hre< a href="">f=< a>Price>pr ice<a>.
A <a< a> href=M arket_Orde r>m< a>arket order<a> is < a href="">an o< a>rder to bu y or< a> s< a>ell a <a h< a href="">ref=< a>Security>securit y<a > at =>the current ma< a href="">rket< a> <a href=P< a href="">rice< a>>price<a>. Ašt is the most basic typ< a>e of orde r and is used when the inv< a href="">esto< a>r wants t o buy or sell a <a < a>href=Security>se curity< a><a> as so on a< a>s possible. <a href< a href="">=M< a>arket_Order>Market ord< a>er< a>s are typically fill ed i< a>mmediatel< a>y, but the <a < a>href=Pr ice> pr< a>ice<a> a t whi ch the order is fil< a href="">led < a>may be dif fere nt from the <a href=Price>p< a href="">rice< a><a> =>at w hich the order< a> was place d.<b r><br< a href="">><a < a>href=Market_Or der> Marke< a href="">t or< a>der<a>s are u sed when the invest or w< a>ant< a href="">s to< a> buy or se< a href="">ll a< a> <a href=< a href="">Sec< a>urity>security<a > qui ckly and does not car< a href="">e ab< a>out the <a hre< a>f=Price>price<a > at< a> which th e ord er is filled. <a href< a href="">=M< a>arket_Order>Market ord< a>er<a>s are also us< a href="">ed whe n the investor< a> wants to < a href="">buy < a>or sell a < a href="">larg< a>e quantity of a <a =>href=Security >sec urity< a href=""><a>< a> and does not < a>want to w ait f or the <a h ref= Pric< a href="">e>p< a>rice<a> to mo ve in their favor.< br>< br><a< a href=""> hre< a>f=Mar< a>ket_Order>Market o< a href="">rder< a><a>s are typically fil< a>led immediately, bu t the < a hr< a>ef=Price>price< a> a< a>t which t he or der is filled may b< a href="">e diff< a>erent fro m the <a href=Price>p< a href="">rice< a><a> =>at w hich the order< a> was placed. This is < a>because t he ma rket <a href=Pric e>p< a>rice<a> of a <a< a> href=S ecurity>s< a href="">ecur< a>ity<a> can change < a href="">quic< a>kly and t he or de< a>r may be f ille d at a di fferent <a< a href=""> hre< a>f=Price >pri ce<a< a href="">> th< a>an the one a t wh< a>ich it wa s pla ced.<< a href="">br><< a>br><a href=Market _Ord er>Marke< a>t order< a><a>s are subj ect to <a href=Sl< a href="">ippa< a>ge>slippage<a>, w hich is the differenc e be< a>tween the <a h ref=Pri< a>ce>price <a> at which th e ord er was placed and t< a href="">he << a>a href=P rice >price<< a>a> at whic h it< a> w< a>as filled. <a href=< a href="">Sl< a>ippage>S lippage<a > ca< a>n occur w hen t he market is <a < a>href=Vo latile>vo< a href="">lati< a>le<a> or when ther< a href="">e is< a> a large o< a href="">rder that needs < a href="">to b< a>e filled. <br><br><a hre< a>f=Market_Order>M arke t order< a><a>s are typi cally< a href=""> use< a>d by inves tors who want to b uy or sell < a>a <a href= Se< a>curity>security< a> qu ickly< a href=""> and< a> do not ca< a href="">re a< a>bout the <a href< a>=Price> pric e<a>< a href=""> at which the < a href="">orde< a>r is fill ed. < a href=Market_Orde r>Ma rket orde< a>r<a>s ar e als o used by investors who< a> want to buy or sell a large qu< a href="">anti< a>ty of a <a hre< a>f=Security>secur it y<a > and do not w ant to wait for the< a href=""> <a href=Pri ce>< a>price<a>< a> t< a>o move in < a href="">thei< a>r favor. <a hr ef=Mark< a>et_Order >Market or< a href="">der<< a>a>s =>are sub< a href="">ject< a> to <a hre f=< a>Slippage>slippage <a>, whic< a href="">h is< a> the diffe rence between th e <a< a> href=P rice >pric< a href="">e<a< a>> at whic h the order was place< a>d and the < a href=""><a h< a>ref=Pri ce>p rice<< a href="">a> < a>at which i t wa< a>s filled.