| 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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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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The Basics Of Order Entry - Taking control of your portfolio means knowing when to use particular orders and if they pose added costs.
Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. |
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