A market order fills your trade instantly at the best available market price. You do not set a price; speed is your priority. The market order can be used in all three views: quick, standard and advanced.
When you place a market order, your trade is filled instantly at the best available market price. You do not set a price; the priority is speed. Under heavy market conditions, the fill price may differ from what you expected. This order type suits users who care more about a guaranteed fill than the price level.
To place a market order on the Paribu web, go to the market detail page and select Market from the Order type drop-down menu in the trading form. The price field is disabled for a market order; you only enter the amount to complete the trade. The trade is matched instantly at the best prices in the order book.
Note: For a quick market order, instead of going to the market detail page, you can use the Buy / Sell window opened from the Buy-Sell button in the top right of the page. All trades placed from this window are filled as market orders
A market order is filled instantly at the current price, while a limit order is filled when the price you set is reached. With a market order, the trade is guaranteed to fill, but the fill price may vary depending on the order book at that moment. With a limit order, you set the price, but the order remains pending if no counter-order is available.
A market order matches sequentially with the existing orders in the order book. If your order amount exceeds the liquidity at the first row, it continues at the price of the next row. For this reason, the average fill price may differ from the price you saw at the moment you placed the order.
No. A market order cannot be cancelled because it is filled instantly. You can view your trade records from the transaction history under My assets in the app, or on the Account activity page on the web.
In the app, the market order can be used in all three views: quick, standard and advanced. Only market orders are supported in the easy view. On the web, you can place a market order in the standard and advanced views of the market detail page and in the Buy / Sell window opened from the top right.