FUTU HK Help Center-What is a market order
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What is a market order

A market order is an order to buy or sell at the current market price, i.e. without a specified price.

1. Trading Sessions

1.1 Hong Kong Futures

Day session and after-hours trading session

Note: Trading is not available during the pre-market opening period.

1.2 US Futures and Options

Continuous trading session

Note: Trading is not available during the pre-opening session.

1.3 A50 Futures & Japan Futures

Continuous trading session. 

 

2. Notes

2.1 Hong Kong Futures

(1) After you confirm the submission of a market order, Futu will submit it to the Hong Kong Stock Exchange at the five best bid or ask prices according to the buy or sell instruction.

(2) A market order may be divided into several small orders for execution, and each small order may be filled at a different price.

(3) If the number of placed orders is small, a market order may not be fully filled. Unfilled orders will be automatically cancelled and, after being cancelled, will be in "Cancelled" status.

(4) If the liquidity of a contract is poor or there is no placed order for the time being, a market order may not be filled and will be automatically cancelled. After being cancelled, the order will be in "Canceled" status.

(5) A market order does not specify a price and may fill at an unexpected price when market conditions change rapidly.

2.2 US Futures and Options

(1) After you confirm the submission of a market order, Futu will directly submit it to the exchange.

(2) A market order does not specify a price and may fill at an unexpected price when market conditions change rapidly.