Market Orders and Instant Exit
What, How, and When to use?
What is a market order?
A market order is where you can buy or exit quantities at the best available prices in the current market.
Market orders are a fast and reliable method to buy or exit a trade in a fast-moving market. With market orders, quantities are matched almost instantly after placing an order at the best available price.
How to place a market order?
Step 1 — Select the position on an event i.e. Yes/ No
Step 2— Select the market order
Step 3— Check the Price range up to which quantities will be matched.
Check the default investment or change the investment amount if needed.
Step 32— Swipe to submit the order, and sit back & relax.
Your order will be matched almost instantly at the best available prices at the event.
When to place market orders?
In events with high liquidity, with less time available, place the trade with a market order to get instant matches.
What is Instant Exit?
Instant exit is another application of market orders.
While exiting a trade, with instant exit you can get instant matches on the best available prices on the event.
How to use Instant exit?
While exiting a trade, turn on the toggle for ‘instant exit’.
Your order will be exited at the best available price instantly.
Note- If no quantities are available on the position you want to exit, then you may have to wait for a while until quantities are available.
Both these features are introduced to help traders make decisions faster and easier. Go try!
Have more questions? Watch this short video.
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