removal-of-market-orders-for-ETOs-dec-2016

Title: Removal of market orders for ETOs
Page Content:

Market orders on Exchange-Traded Options (ETOs) have now been removed in the trading platforms.

Generally, market orders are subject to immediate execution, but can sometimes be delayed due to high-volume, fast markets or very low liquidity. When a market order is entered on Options, traders cannot control the price at which this order is executed. One way to minimise the risk of trades being executed at a price significantly different from the last trade/quote is to enter a limit order.