STOP-CLOSE-ONLY ORDER
31 May 2016 By PDSNETThis order type is used by the trader who desires his stop order to be filled only if elected in the closing range of trading. Since this order type may not be filled until the closing range, the price stipulated by the trader may be anywhere in relation to the current market. Stop Close Only orders are elected in the same fashion as regular stops, the difference being that Stop Close Only orders must be elected and filled during the closing range.
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