This one's a little tricky and best explained through an example.

Let's say its 6pm ET, the market is closed and Apple ended the previous day at $100/share.

John enters a market order in dollars for $100. Sheila enters a market order in shares for 1 share.

The next morning, the stock price opens at $110/share (the US markets have after-hours and pre-market trading sessions that can affect the share price mostly available to institutional investors). Both John and Sheila's trades are executed at 930am ET.

John gets 0.909091 shares for his $100.
Sheila gets 1 share for her $110.

That's the difference between the 2 market order types!

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