Alone on MOO/MOC orders?

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

  1. nkham

    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?

    TIA