Box Top
Last updated
Last updated
Market Box Top Order
Box Top is an order of immediate execution at current market price tool.
In the case of the Buy order, the Buy Box Top order buys tools at the nearest ASK price displayed in the order book. If it is partially executed, then the remaining size is sent as a limit order with a ceiling price equal to the one at which the first part was executed.
In the case of the Sell order, the Sell Box Top order sells the tools at the nearest BID price displayed in the order book. If it is partially executed, then the remaining size is sent as a limit order with a ceiling price equal to the one at which the first part was executed.
Below, there is an example of how Box Top works - with this order you will not have problems with price slippage when buying a large volume on the market.
