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Are orders always executed at one price?
In case of market orders placed on NSE, even a market order might remain unexecuted if there are no matching orders. In such cases, the unexecuted portion of the market order is converted into a limit order at the last traded price for the balance quantity.
For example, when the last traded price of a share was 100, if a market order is placed to sell 100 shares, the sell order will be matched against all limit orders for buying the shares. In case there are no or insufficient orders for buying 100 shares, the unexecuted market order is converted automatically into a limit order to buy sell 100 shares at a price of 100 (the last traded price). In case the order was partly executed, and the last execution took place at 95, the price of the limit order for the balance quantity would be 95.
In case of market orders placed on BSE , all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that that bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of the market order, the remainder order gets converted into a limit order at the last executed price.
For example, when the last traded price of a share was 100, if a market order is placed to sell 100 shares, the sell order will be matched against all limit orders for buying the shares. In case there are no or insufficient orders for buying 100 shares, the unexecuted market order is converted automatically into a limit order to buy sell 100 shares at a price of 100 (the last traded price). In case the order was partly executed, and the last execution took place at 95, the price of the limit order for the balance quantity would be 95.
In case of market orders placed on BSE , all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that that bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of the market order, the remainder order gets converted into a limit order at the last executed price.
Last updated: 2 Months Ago
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