Why exchange doesn't approve market order in bracket order?

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Exchange has its own logic. Btw, if you want to turn your backet order into a market order, use a limit buying order higher than the current price or limit selling order lesser than the current price. The order will automatically become a market order.

So if stock is at 100 and you want to place a market bracket order, place a bracket with price of 101, it will automatically become like a market order.