3 weeks Theoretically, what would happen if limit orders didn’t exist? Reddit      

I've been thinking about how the market works in relation to the types of orders that make it run. Although there are more, the big two I am thinking about are simply market and limit orders.

I understand that a scenario like this is completely unrealistic, but I am just trying to figure out what would happen in this case. Would the market completely fail if there were no limit orders, or would prices just fluctuate far more than before? I'm also curious to how this would affect the bid ask spread (if there even would be one) and those trying to take advantage of a situation like this. Thanks so much.

submitted by /u/whiteblue10
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