Market Order
An instruction you give the platform to buy or sell a certain number of CRTs at a price you choose.
Understanding Market Order
A market order is an instruction to buy or sell Channel Revenue Tokens (CRTs) at the best price currently available on the GigaStar Secondary Market. When an Investor places a market order to buy, it will execute at the lowest available ask price. When an Investor places a market order to sell, it will execute at the highest available bid price. The key characteristic of a market order is speed of execution—it prioritizes completing the trade over achieving a specific price.
Market orders are the simplest type of trade order. They are appropriate when an Investor wants to enter or exit a position quickly and is willing to accept the current market price. For buyers, a market order means paying the prevailing ask price. For sellers, it means accepting the prevailing bid price.
However, market orders carry certain risks, particularly in markets with lower trading volume or wider bid-ask spreads. Because market orders execute at whatever the best available price happens to be, the final execution price may differ from the price the Investor expected when they placed the order. This is especially true if the order is placed when few counterparties are available.
For example, if an Investor places a market sell order but only one bid exists at a price significantly below recent trading levels, the order would execute at that lower price. In more liquid markets with many participants, market orders are less likely to experience significant price deviation.
Investors who want more control over the price at which their trade executes should consider using a limit order instead. Limit orders allow the Investor to specify the maximum price they will pay (for buy orders) or the minimum price they will accept (for sell orders), though there is no guarantee a limit order will execute.
Key Points to Remember
- Market Order is regulated by the SEC under Regulation Crowdfunding
- All investments carry risk — past performance doesn't guarantee future results
- Review all offering documents carefully before investing
Related Terms
Ask Price
The lowest price someone is willing to sell their CRT for.
Bid Price
The price a buyer is willing to pay for a CRT on the GigaStar Secondary Market. The highest current bid sets the market bid price for that token.
GigaStar Secondary Market
GigaStar Trading is GigaStar's upcoming SEC-registered Alternative Trading System (ATS), where CRT holders may buy and sell their positions, launching in 2026.
Limit Order
An order where you set the exact price you want to buy or sell at. Your order will only go through at that price or better.
Settlement
The process of completing a CRT trade on the GigaStar Secondary Market, including the transfer of token ownership from seller to buyer and the corresponding payment.
Trading Volume
The number of CRTs traded on the GigaStar Secondary Market during a given period. Higher volume generally indicates greater market activity and potentially better liquidity.
Frequently Asked Questions
What is the GigaStar secondary market?
The GigaStar secondary market platform, called GigaStar Trading, is an SEC-registered digital Alternative Trading System (ATS) that allows eligible investors to buy and sell previously issued Channel Revenue Tokens (CRTs) with other investors after the initial offering period and any applicable restricted period, subject to securities regulations and platform rules. (e.g., Reg CF = 12-month restricted holding period). This secondary market platform enables peer-to-peer trading of existing CRTs. Note that Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.
How is the secondary market different from GigaStar Market?
GigaStar Market (Primary Market) is an SEC-registered Funding Portal and member of FINRA that offers securities under a Regulation Crowdfunding (Reg CF) platform. This is the primary marketplace where Channel Revenue Tokens (CRTs) are first issued and sold directly to investors to fund a Creator. GigaStar Trading (Secondary Market) is an SEC-registered broker-dealer (BD) operating a digital Alternative Trading System (ATS) for the trading of Digital Asset Securities. This is a secondary market trading venue separate from the primary market, where eligible investors may buy and sell CRTs with one another. Primary offerings raise capital for Creators. Secondary trading allows existing investors to trade CRTs, transferring ownership, subject to market availability. NOTE: Investment offerings are speculative, illiquid, and involve a high degree of risk, including the risk of loss of your entire investment. Securities purchased in GigaStar Market must be held 12 months before trading in the secondary market. There is no guarantee of an active or liquid secondary market and investments are subject to market risk and will fluctuate in value. Past performance is not a guarantee of future results.
What assets can be traded?
Eligible Channel Revenue Tokens (CRTs) that were issued in primary offerings, have satisfied applicable holding requirements (12-month holding period from initial purchase) and meet platform eligibility standards can be traded on the GigaStar Trading platform.