Price is an agreement

The idea

The last traded price is where a buyer and seller most recently agreed. It is not a guarantee that your next order fills there.

Try the scenario

A simulated share last traded at ₹100. The current best ask is ₹100.20.

Check your understanding

Which price is relevant to an immediate market buy?

• The last price, always
• The available ask and order-book depth
• Yesterday’s close

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