Market order
An instruction to trade promptly against available liquidity under a venue's execution rules.
In more detail
A market order prioritizes getting an execution rather than specifying a maximum buy price or minimum sell price. It can match several orders at different levels when the first level has insufficient quantity. A thin book therefore matters even if the displayed best price looks attractive.
How you might use it
Your market buy fills at the best ask, then reaches higher asks because the first level cannot cover the whole amount.
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