Aggressive Order

An aggressive order is a market order that consumes liquidity by hitting the best available limit orders in the order book. These orders are used by traders who want immediate execution, regardless of the price, within the constraints of the available depth.

Aggressive buying increases the price, while aggressive selling decreases it. In order flow analytics, tracking the flow of aggressive orders is key to identifying the short-term trend and the strength of a move.

These orders reveal the intent of participants to enter or exit positions quickly. They are the primary drivers of price discovery.

Market makers monitor aggressive orders to manage their inventory and risk.