Broker’s market orders may be submitted to the exchange only during the continuous trading phase, except when balancing occurs. For any such order to be accepted, at least one opposite limit order must be awaiting execution.
A broker’s market order shall be executed at the price of the best opposite buy or, as the case may be, sell order awaiting execution.
Where any market order is partly executed, the unexecuted portion shall become a limit order at the last price.
The commission and margin rates referred to above may vary from time to time especially for very active or inactive customers. Saxo Capital Markets reserves the right to amend the commission rates, brokerage fees, margin rates and interest rates referred to according to the General Business Terms or Trading Agreement covering the client relationship between Saxo Capital Markets and the Client.