at-the-close order

At the Close Order

1. An order to buy or sell a security at the best price available when an exchange closes.

2. An order to buy or sell a security at the security's price when an exchange closes. If this price is not available, the order is canceled.
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at-the-close order

A specialized order to a broker in which the customer specifies that execution take place at the closing price of the day. In practice, execution is permitted during the 30-to-60-second period before the closing bell.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.