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From:
Corporate Finance Institute
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Market-on-Close Order (MOC) - Overview, How It Works, Advantages
https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/market-on-close-moc-order/
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Market-on-Close (MOC) order refers to a market order that is not subject to a limit. This is executed as close to the closing price of a stock as possible.
