Glossary

Market order

An order to buy or sell right away at the best price currently available. It fixes the timing, not the price.

Order book A market buy takes out the two lowest ask levels of a thin order book. PRICE SHARES WAITING 10.80 10.45 FILLED 10.20 FILLED 9.50 BEST BID 9.30 9.00 SPREAD 0.70

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