Market with Protection Order

A Market with Protection order (available for futures on Globex) is sent in as a market order to execute at the current best price. If the entire order does not immediately execute at the market price, the remainder of the order is re-submitted as a limit order, with the limit price set by Globex to a price slightly higher/lower than the current best price.

To create a market with protection order

  1. Click the Ask price to create a BUY order, or the Bid price to create a SELL order.

  2. In the Type field select MKT PRT as the order type.

  3. To transmit the order, click the red "T" in the Transmit field.

For a more detailed description of market with protection orders, visit the Order Types information page.
 

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