May 24, 2016
Market Order (MKT)
1, An order to buy or sell a specified commodity, including quantity and delivery month at the best possible prices available, as soon as possible.
2, An order to buy or sell a security at the prevailing market price. Sometimes referred to as “at the market”, these orders are usually filled immediately by the market maker. A sell order placed at the market will be filled at the bid price and a buy order will be filled at the ask price.