ComSec "at limit" & "at market " explanation

[judge]

I never use the "at market" option.

I very rarely put an order in the market until I see the price I am after. I don't see any benefit to me in signalling my intentions to other buyers or sellers when I don't have to.

When I see the price I want I simply place an "at limit" order at the top price in the appropriate side of the market depth. This is effectively an "at market" order but without the risks of any consequences should there be a delay for whatever reason in my order being processed.

 

[transit]

But when you put in an "at limit" order doesn't this show in the depth and signal your intentions to others?

I never use the "at market" option.

I very rarely put an order in the market until I see the price I am after. I don't see any benefit to me in signalling my intentions to other buyers or sellers when I don't have to.

When I see the price I want I simply place an "at limit" order at the top price in the appropriate side of the market depth. This is effectively an "at market" order but without the risks of any consequences should there be a delay for whatever reason in my order being processed.

 

[GreatPig]

Only if there is not enough stock available in the queue already to immediately fill the order. I think Judge's intention is that an order is only placed once sufficient stock is available at the desired price.

GP