Definition of 'At-The-Close Order'
An order specifying that a trade is to be executed at the close of the market, or as near to the closing price as possible. An at-the-close order is one in which the broker or exchange is directed to ensure that an order is only filled at that given time of the trading, in most cases coming just prior to the end of trading on a given day.
This would be the opposite of an at-the-open order.
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