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MOC
Market on Close (MOC)
To place an MOC order, click the dropdown arrow in the toolbar of the contract window and choose “Market on Close”.
Note:
- The MOC button will not be visible after the market closes or halts for the session. It will reappear when the market enters “PreOpen” for the next session.
- The close time used is the electronic close time, not the pit close time.
MOC Setup
In the MOC setup box, you can configure:
- The number of seconds before market close to submit your first order.
- The number of seconds before market close to submit your last order.
- The number of orders your MOC will be split into.
For example: If you submit a 6-lot order and split it into 3, it will place three separate 2-lot orders at the configured intervals.
After configuring your settings, click OK.
Placing the Order
- Choose the quantity of each order using the “L:” box.
- Confirm the MOC settings.
- To place the order:
- Click in the Bid column to buy.
- Click in the Offer column to sell.
Order Visibility
- You will not see MOC orders in the “My B” or “My O” columns.
- These orders are held on the server until their activation time.
- You can view them in the Order Book under the “All” or “Held on Server” tabs.
Viewing Activation Times
To see the time each MOC order will enter the market:
- Add the “Activation” column to the Order Book via the Properties.
- Each order in the batch will show its individual activation time.
(For example: a batch of 3 orders may show activation times 5 seconds apart.)