Is the market order matching range active for both futures and options contracts?

The market order matching range is indeed active for both futures and options contracts. This feature allows traders to execute their orders at the best available market price, facilitating quick transactions. In practice, when a market order is placed, it seeks to match the highest available buy orders or the lowest available sell orders across available contracts, irrespective of whether they are futures or options. This ensures liquidity and efficiency in trading, key characteristics in derivatives markets like those for futures and options.

By stating that the market order matching range is active for both types of contracts, it highlights the unified trading mechanism that operates in these markets, enhancing the overall trading experience and allowing traders to capitalize on immediate price opportunities without needing to specify a price limit.