What is a Market Order (ASX Trading)?

A Market Order is an order to buy or sell at  the market price.

For a buy order, the order will be placed at the price set by the lowest seller in the market at the time the order is placed.

 If for any reason your order does not trade immediately, the price of your order will be continually updated (increased) in increments until the order trades, in full.

If the market order is a sell order, the order will be placed at the price set by the highest buyer in the market at the time the order is placed. If for any reason your order does not trade immediately, the price of your order will be continually updated (decreased) in increments until the order trades, in full.

In some circumstances your buy or sell order may only partially trade or may not trade at all (eg. where there are no sellers in the market or where an order breaches, or may cause us to breach, the Corporations Act, Corporations Regulations, ASIC MIRs, ASX Rules, the Market Participant’s Best Execution Policy, Superhero’s trade Vetting Rules,  or any other applicable Rules or laws in Australia or in any other jurisdiction applicable to the order).