What is Market Order?
Market Order will be placed at prevailing market price by default. The executed price may largely deviate from customer expectation at time of order placing, especially at the beginning of morning and afternoon trading sessions when there are many accumulated orders to be handled. The executed price will be up to 10 spreads below/above the prevailing BID/ASK price respectively at the time of execution. Any unfilled quantity after matching will be cancelled immediately. Customers should be aware that the order may be rejected or unexecuted, but not limited to, when the market price is fluctuated out of the said price spreads (i.e. 10 spreads). The order processing time to be taken will depend on the prevailing market situation and the number of orders to be processed. Customer should be aware that the possible delayed of order processing and the possible cause of great loss induced by this order type.
Market order is an order which client does not set a limit price. Such order will be executed at prevailing market at time of execution. The execution price may deviate from client’s expected price at time of order placing especially at the beginning of morning and afternoon trading sessions as many accumulated pre-market opening orders have to be handled.
