"Market" order execution

Discussion in 'Retail Brokers' started by tradebanzai, Dec 6, 2006.

  1. Just trying to understand how this order type is being executed.

    Let's say, we have price 30.10-30.12
    I'm sending a 'market' buy order.
    What happens next:
    1) If market is stable am I got filled at 30.12?
    2) If market is moving fast between 30.15 and 30.30, what price would I get?
    3) If the market jumped to 30.30 and then fell back to 30.10. Was I filled at 30.30? The last question is the main.

    PS First of all I'm interested how this order type behaves in IB.