On the close order

On the close order

A market order that is to be executed as close as possible to the closing price of the day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved