A buyer who seeks to have an order to trade shares executed immediately must place a limit order.

Name: A buyer who seeks to have an order to trade shares executed immediately must place a limit order.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

A limit order instructs the broker to buy or sell shares at a specific price or better, whereas a market order seeks to execute the trade immediately at the current market price. Therefore, a buyer seeking immediate execution would place a market order, not a limit order.

A Buyer Who Seeks to Have an Order to Trade