Market and limit orders
A market order prioritises execution at available prices. A limit order sets a price boundary but may not execute.
Different markets and brokers can support additional order types.
Price is not always fixed
In fast-moving or thin markets, the final execution price can differ from the most recent displayed price.
Liquidity and order size both affect execution.
Settlement
After execution, the securities and cash still need to settle through the market infrastructure.
Settlement cycles vary, so the trade date and the date assets are finally exchanged can be different.
General information only. Investment products can lose value, and terms, fees and regulation can change.