Market-on-Close (MOC) Order: Definition, Risks, and Benefits
What Is a Market-on-Close (MOC) Order? A market-on-close (MOC) order is a non-limit market order, which traders execute as near to the closing price as they can—either exactly at, or slightly after the market close. The purpose of a MOC order is to get the last available price of that trading day. MOC orders are