MARKET-ON-CLOSE ORDER
24 May 2016 By PDSNETAn order to buy or sell a futures or options contract at the prevailing market price during the closing range (usually, the last 30-60 seconds of trading). Similar to a market order in that no price is specified during order entry. This order is ideal for a trader who wishes to offset an existing position by the close but doesn't wish to wait to the last minute to enter a market order.
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