Market order
✔ Description of how to use market orders on Finandy to instantly execute buy or sell orders. Understanding how market orders work.
Last updated
✔ Description of how to use market orders on Finandy to instantly execute buy or sell orders. Understanding how market orders work.
Last updated
To execute a market order, enter the order amount or volume without specifying a price.
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.
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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