Series 7 - General Securities Representative Exam
Preview Mode
A customer wants to sell their stock at the last price at the end of the trading day; and not before the end of the day. Which of the following order types should the customer use?
MOC
A
AON
B
FOK
C
IOC
D
Explanations
MOC - Market On Close order. This is used when a trader wants to get the last price of the day (or very close to it). There is no specified price attached to the order