IFN Chart, page-9

market order
Order to a broker to buy or sell at the current market price at the time the order is given.

market price
Prevailing price of shares traded on ASX. May be the last price at which the shares traded, or the most recent price offered or bid for the shares.

Both from Source: https://www.asx.com.au/education/glossary.htm


Also worth a read: https://www.thebalance.com/understanding-bid-and-ask-prices-3141317



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