Suppose i am placing a market order for buying 1 stock of XYZ co. at what price i will get the share ? for example if these are the best five Ask price and in case of Selling the opposite holds correct ?
| Sl No | Ask Price | Ask Quantity | Number of Sellers |
|---|---|---|---|
| 01 | 3294.80 | 1 | 1 |
| 02 | 3294.85 | 1 | 1 |
| 03 | 3295.00 | 1 | 1 |
| 04 | 3296.20 | 1 | 1 |
| 05 | 3296.25 | 1 | 1 |
Hi
The following will be ur Price subject to the condition that the best 5 Ask Price & Qty not Changed till ur order Execution
If U Place a Mkt Buy Order with Qty 1 then Ur Buy price will be 3294.80 (Ist Ask Price)
If U Place a Mkt Buy Order with Qty 2 then Ur Avg Buy price will be 3294.825 (Avg Of Ist & 2nd Ask Price)
If U Place a Mkt Buy Order with Qty 3 then Ur Avg Buy price will be 3294.883 (Avg Of Ist , 2nd & 3rd Ask Price)
If U Place a Mkt Buy Order with Qty 4 then Ur Avg Buy price will be 3295.213 (Avg Of Ist , 2nd, 3rd & 4th Ask Price)
If U Place a Mkt Buy Order with Qty 5 then Ur Avg Buy price will be 3295.42 (Avg Of Ist , 2nd, 3rd , 4th & 5th Ask Price)
...
In General Ur Order will be Filled from The Top of the Table
Suppose U placed a Mkt Buy Order with 5 Qty & in the above Ask Table..The Ist Ask Qty is 5 then
Ur Buy Price will be 3294.80 only
....
Same U Place a Mkt Sell Order...