A Market Order is an instruction to buy or sell an asset immediately at the best available price.

Market orders are designed for instant execution. As soon as you submit the order, the platform matches you with a quote from the OLP. Unless the order is rejected due to a slippage limit, your position is opened or closed immediately.

While a market order guarantees that your trade will be filled (provided there is liquidity), it does not guarantee the price of execution.

Omni uses a quote-based system. When you fill out the Order Entry Form, the OLP provides a real-time quote. A market order accepts this quote instantly.