Market order
✔ Description of how to use market orders on Finandy to instantly execute buy or sell orders. Understanding how market orders work.
To execute a market order, enter the order amount or volume without specifying a price.
Buying
Once a market buy order is placed, the exchange will execute the sell orders (ASK) from the order book, starting from the farthest order until the market order is fully filled.
Selling
Once a market sell order is placed, the exchange will execute the buy orders (BID) from the order book, starting from the farthest order until the market order is fully filled.
A Market order execute orders in the order book (reducing liquidity) and incurs a Taker commission of 0.05% in the Futures market.
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