A market order is an order which is entered into the exchange with a specified quantity but without a price. The order will be executed at the best price currently available in the market.

Example:

A Buy market order for 200 shares was placed and the market has a total offer quantity of 100 shares. 100 shares will be matched and the remaining order will be canceled.

Risks associated with using Market Orders:

1. There is no guarantee that an order will be filled at a target price. A buy order could be filled at a much higher price than intended, or a sell order can be filled at a much lower price than intended.

2. The order may be split across multiple investors on the other side of the transaction, resulting in order being done at different prices.

3. Using Market Orders during a volatile market and/or for illiquid securities is not recommended as price can be out of control.

*Additional 5% Purchasing Power will be held for Market Order to cater to price movement during the execution of the market order. Unutilized Purchasing Power held will be released immediately once the order has been executed.