Market Orders

A market order is a type of order that executes instantly at the most favorable available price. When you place a market order on Delta, it gets filled right away, assuming there's enough depth in the order book. The actual execution price can vary depending on the number of existing orders in the book at that moment. Market orders work by matching against the best available bids (for buyers) or asks (for sellers) in the order book, ensuring that traders receive the most advantageous price possible. Market orders are suitable when speed is a higher priority than achieving a specific execution price or quantity. When you use a market order, you prioritize immediate order execution over having precise control over the price or quantity.

Example: Suppose you want to use a market order to allocate a specific quantity (e.g., 10% of your wallet) to an order. With a market order, you can't specify the price; it's determined by the best available prices in the order book. However, the order will execute instantly at the prevailing market prices 

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For information on further order types, visit Delta Order Types. For video demonstrations, visit the Delta Youtube channel.