Immediacy

Immediacy refers to the speed at which an order to buy or sell a financial asset can be executed in the market. In highly liquid markets, immediacy is high, meaning trades can be executed almost instantly without significant price changes. Immediacy is important for traders, particularly those engaged in high-frequency or day trading, where timing is crucial. Markets with low immediacy may experience delays or require traders to accept worse prices to complete a transaction.

Example

In the stock market, a highly liquid stock like Apple (AAPL) offers high immediacy, allowing trades to be executed quickly with minimal price fluctuation due to ample market activity.