Alone on MOO/MOC orders?

Discussion in 'Order Execution' started by nkham, Jul 29, 2008.

  1. nkham


    Hi all. Newbie to ET.

    I understand that with MOO/MOC orders you are guaranteed the 'official' prices.

    However, if you are the only one showing an interest to participate in the Open or Close on a fairly illiquid stock (say, less than $5 mm a day in volume), aren't you getting the 'official' price at hugely disadvantageous (and probably artifical) levels because YOU are actually the one establishing those prices by giving up a pretty big edge to get in/out? So getting the official price is not really meaningful, right?

    How are these offical prices set if you are looking to buy MOO but there is no interest to sell MOO?