Markets & trading2 min read
Market orderGerman: Market-Order
A market order is a buy or sell instruction without a specified price limit, intended to execute at an available market price.
In plain language
It prioritises execution over price control. In fast or illiquid markets, the actual price can differ from the last quoted price. Large orders may execute at several prices.
Let’s make it concrete
A stock last traded at €50. When you buy, the available ask is €50.40; that price may determine execution.
Simplified example for illustration.Worth understanding
The last quoted price is not a price guarantee. Thin liquidity can cause substantial differences.
Read more from official sources
For further learning and reference:
Financial education for orientation. No individual investment, tax or legal advice.
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