Market Structure Trading practices, and Costs ● Market Order an order to your broker to buy or sell share immediately at the market price ● Limit order An order to your broker to buy or sell at the at a price you want. when and if he can o If immediate execution is more important than the price, use a market order Irwin/McGraw-Hill 8-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rightsIrwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Market Structure, Trading Practices, and Costs ⚫ Market Order ◼ An order to your broker to buy or sell share immediately at the market price. ⚫ Limit Order ◼ An order to your broker to buy or sell at the at a price you want, when and if he can. ⚫ If immediate execution is more important than the price, use a market order