FUTU HK Help Center-Market-on-Close order
English
Back
Open Account
Clear
All
Quotes
News
Learn
Help
All
HK
US
CN
SG
AU
JP
CA
MY
All
News
Announcements
Reports

Market-on-Close order

A Market-on-Close (MOC) order does not need to specify a price and is submitted to execute as close to the closing price as possible.

 

1. Trading Hours

The trading hours for MOC orders are 09:30 - 16:00 (ET).

 

2. Description and Precautions

2.1 If an MOC order is placed before the pre-market trading hours begin, the order will be queued for submission until the market opens. 

  If an MOC order is placed during regular trading hours, the order will be directly submitted to the exchange.

  If an MOC order is placed after the market closes, the order will be queued for submission until the market opens and will then be executed as close as possible to the closing price on the next trading day.

2.2 The execution of MOC orders depends on the exchange. Operations to place, edit, or cancel an MOC order may fail between 15:45 - 16:00 (ET) during the regular trading hours. To place, edit, or cancel an MOC order on the current trading day, we suggest that you submit the request before 15:45 (ET).

2.3 MOC orders do not specify a price and may fill at an unexpected price when market conditions change rapidly.

2.4 MOC orders are priced using the Current Price multiplied by the market order multiplier*, which we may adjust from time to time based on market conditions. Placing a MOC order will reduce your buying power, but once the order is filled or cancelled, the amount of buying power will be adjusted accordingly.

Market Order Multiplier: In cases where a market order is submitted, taking into account the fluctuation of stock prices, a certain percentage will be added on top of the current market price to avoid the risk of overbuying. This adjusted market price will then be used to determine the order amount, and the percentage added may be subject to change.

Market Insights

Discussing

關稅風暴暫離高壓區!市場能否迎來反彈?
當地時間4月22日,美國總統特朗普公開承認美國目前對中國出口商品的關稅過高,預計稅率將大幅降低;美國財政部長貝森特也表示中美雙方關稅戰將很快降溫。4月25日,特朗普表示將爲不同國家設定「公平的」關稅稅率。特朗普此次對華關稅態度的轉變,能否平息市場恐慌情緒?關稅拉鋸戰最終結局如何? Show More
特朗普對華態度緩和!近期你會如何操作?
67%
33%
做多
做空
13K votes