market-on-close

market-on-close definition - finance
A trading order to purchase or sell a futures or options contract at the end of the trading session at a price within the closing range of prices.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.