The opponent's price is entrusted by the opponent's quotation, that is, buying at the handicap price and selling at the handicap price. According to the principle of price priority, this can ensure immediate transaction. And if you want to make a deal with the pending order, then the price of the pending order is the unit price.
2. Different scope of application
If you want to make a quick deal, you have to go to your opponent and take the initiative to trade, mainly using the price of your opponent. And if you want to try pending orders, you can close the deal if you can, and you can accept it if you can't, then use the unit price of pending orders.
3. The order of transactions is different.
According to the principle of price priority, the opponent's price can guarantee immediate transaction. The hanging unit price is only used when the selling price is lower than the market price to ensure the transaction. If it is higher than the market price, we can only wait until it rises to the hanging unit price to close the deal. In addition, even if it rises to the selling price of pending orders, the number of transactions is small, and if the selling orders are ranked behind, it is not necessarily a transaction. ?
Baidu encyclopedia-futures