A market-on-close (MOC) order is an order to buy or sell a security at the end of the trading day, when the market price is determined.
MOC orders are typically used by investors who want to ensure that their buy or sell order is executed at the end of the day, regardless of the day's price movements. For example, an investor who is bullish on a stock may place a MOC buy order to ensure that they will own the stock at the end of the day, even if the stock price has fallen during the day.
MOC orders are executed at the end of the trading day, after the market has closed. What are closing orders only? Investors may place "closing orders only" when they only want their order to execute if the security closes at a certain price or better. For example, an investor may place a "closing order only" to buy shares of a stock if it closes at $10 or higher. If the stock only trades at $9.50 during the day, the order will not execute. What is a market close order? A market close order is an order to buy or sell a security at the end of the trading day, when the market closes. This type of order is usually used by investors who want to ensure that their trade is executed at the day's closing price.
What does MOC stand for in stock trading? MOC stands for "market-on-close." This is an order type that allows traders to buy or sell securities at the end of the trading day, at the official close of the market. This can be useful for traders who want to take a position near the end of the day but don't want to hold it overnight.
There are some risks associated with MOC orders, however. Because the order is only executed at the end of the day, it is subject to gap risk – meaning that if the security gaps up or down at the open the next day, the MOC order may not be executed at the desired price. Additionally, because MOC orders are only executed at the market close, they may not be filled if the market is very volatile near the close.
For these reasons, MOC orders are generally only used by experienced traders who are comfortable with the risks involved. What is Platts MOC? Platts MOC is the Platts market on close price assessment. The MOC is the price at which a particular commodity is traded at the end of the day on the Platts platform. This price is used as a benchmark price for settlements and contracts. What is this trading? This trading is an order type that is used to trade securities. It is a process that is used by investors to buy or sell securities. This type of trading is done through a broker.