Albert RobertsonBearishUse Market On Close Orders to Trade Right Into the Session Close
In the final seconds of the trading day, billions of dollars change hands at a single price. For most of the session you buy and sell at whatever price is available, but there is one order type designed specifically for the close: the Market-on-Close (MOC) order. This guide explains what an MOC order is, how the closing auction sets the price, and what an MOC imbalance means.