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Market-on-Close Order

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Market-on-Close Order
An order to buy or sell a security at the best price available as close as possible to the closing of an exchange.
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It is possible to put in orders to be executed at the close of trading on any day - so-called market-on-close orders - and the New York and American stock exchanges handle them by announcing sizable order imbalances well before the close, hoping to draw in offsetting orders.
LAST-MINUTE SALES MANIPULATE MARKET by Daily News (Los Angeles, CA)
 
 
 
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