Orders that are transacted at best available price are classified as

Solution (By Examveda Team)

Orders that are transacted at best available price are classified as market order. A market order is a request by an investor usually made through a broker or brokerage service to buy or sell a security at the best available price in the current market. It is widely considered the fastest and most reliable way to enter or exit a trade and provides the most likely method of getting in or out of a trade quickly.