Limit-on-Close Order

In trading, a limit-on-close (LOC) order requests that a broker buy or sell specified securities if the price is equal or more favorable than a specified limit price at the time that an exchange closes. If it is not, the order is canceled by default.

See also: Limit-on-open order

More on this topic:
Swiss stock broker comparison
Limit order
Day order
Good for day order
Fill or kill order
Limit-on-open order
Limit-on-close order
Market order
 

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