Orders and execution · Rookie
Market order
What does Market order mean?
A market order requests execution at available market prices rather than a specified limit price. It prioritizes execution over control of the final price.
Example
A buy order fills above the last displayed trade after available offers change.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
The displayed quote is not a guaranteed fill price, especially during fast moves.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.