Series 24: 5.5.2.2.1.1. Market Orders

Taken from our Series 24 Online Guide

5.5.2.2.1.1. Market Orders

Market orders are the most common and easiest orders to place. When an investor places a market order, he is requesting the stock be bought at the best available price. No specific price is identified. A seller will get the highest bid, and a buyer will get the lowest offer at the time the order is executed, but these may not always be the same bids and offers that were first quoted to the customer. The order ticket for a market order will include the abbreviation MKT. Market orders are typically fill

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