European Brokerage · glossary
An order to buy or sell at the best price available when it is executed. The client fixes the number of shares but not the price. Placed at night, it fills at the opening auction price, which may be far from the last price the client saw. Clause 2, “Market Order” · Chapter 5 · see Limit order, Opening auction
Explained in Chapter 5, Best Execution: Orders and the Execution Policy, of European Brokerage.
A market order fills at whatever price the exchange offers at that moment. The client fixes the number of shares, but not the exact price.Read Chapter 5, Best Execution: Orders and the Execution Policy →
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means an Order to buy or sell at the best price available on the Execution Venue when the Order is executed;Read the definition in the document →
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