Why was the order executed at different price points?

When you place a market order with TradeJini, it gets executed at the best available bid/offer on the exchange. If there’s not enough quantity in the existing bids/offers to fulfill your order, the remaining unexecuted quantity will be matched against the next best bid/offer.

Example Scenario: Let’s say you place a market order to buy 3500 shares of ITC:

108 shares will be purchased at a price of 263.20.

934 shares will be purchased at a price of 263.30.

The remaining 2458 shares will be purchased at a price of 263.35.

The same concept applies to limit orders in a different way. If you place a limit order to buy the 3500 shares at 263.20, 108 shares will be bought immediately. However, the remaining 3392 shares will remain as a pending order in the order book. If any offer at the specified price comes in, the order will be executed.

Did you know? If any of the bids/offers have a disclosed quantity, the quantity executed may differ from what is seen in the market depth.