A Market with Protection order 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 the exchange to a price slightly higher/lower than the current best price.
To create a market with protection order
- Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
- In the Type field select MKT PRT as the order type.
- To transmit the order, click the red "T" in the Transmit field.