Tuesday at 09:55

Removal of market orders for ETOs

Market orders on Exchange-Traded Options (ETOs) have now been removed in the trading platforms. Market orders are filled at the price obtainable in the marke...

Market orders on Exchange-Traded Options (ETOs) have now been removed in the trading platforms.

Market orders are filled at the price obtainable in the market and because of low liquidly, ETOs market orders can be filled at prices a long way from the last traded price. ETOs are therefore not suitable for trading using market orders, clients should use limit orders instead.