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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.
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Investopedia explains 'At-The-Close Order'
It's essentially a market order that doesn't get entered until the last minute (or thereabouts) of trading. With this type of order you are not necessarily guaranteed the closing price but usually something very similar.
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Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
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Find out the various ways in which a broker can fill an order, which can affect costs.
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