Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Market On Close (MOC)

What it is:

Market on close (MOC) is a market order that is executed at the latest possible time during a trading session.

How it works (Example):

When a trader receives an MOC from a client, that trader may enter the order as late as he or she believes possible before the close of trading for that day. For example, if the market closes at 4:00 p.m. and a trader has an MOC that will take five minutes to fully execute, the trader will likely choose to execute it at 3:54 or 3:55 p.m.

Why it Matters:

Investors submit MOC orders based on the belief that a security will experience a substantial increase or decline in value toward the end of trading session.