6.3.1.1. Market Orders
Market orders are the most common and easiest orders to place. When an investor places a market order, she is requesting that the futures contract be bought or sold at the best available price. Market orders are typically filled immediately. A buy market order is generally executed at the prevailing ask price. A sell market order is generally executed at the prevailing bid price. A market order may be filled, however, at a different price than expected, particularly when the difference between the quoted prices for bids and offers is large. A ma
