Execution

The moment an order is matched and the trade is done

In detail

Execution is when your order meets a counterparty and the trade is completed. The price it fills at is the execution price; a limit order fills at your price or better. Placing an order is not owning the shares, only the fill is. In a thinly traded name an order can fill partly, leaving the rest waiting.

Example

If only 600 shares of a 1,000-share buy order execute, the other 400 stay on the book.

Related terms

Market order Limit order Order book

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For learning, not investment advice. Decisions are your own.