Market Order. With a market order the client instructs a ¬financial institution or trading counterparty to execute a trade of a certain size as promptly as possible at the prevailing market price. Financial institutions are required to execute market orders without regard to price changes. Therefore, if the market price moves signi¬ficantly during the time it takes to fi¬ll a client’s order, the order will most likely be exposed to the risk of execution at a price substantially different from the price when the order was entered.
Appears in 2 contracts
Sources: Order Execution Policy, Order Execution Policy