market-on-close order

Definition

A market order that an investor instructs to be initiated as close as possible to the end of the market trading day, thus getting the investor as close as possible to the closing price of the stock. This may be either a buy or a sell order. Also called MOC order.

Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
market-neutral investing Markets in Financial Instruments Directive