IB at Close orders

Discussion in 'Retail Brokers' started by a5519, Apr 16, 2003.

  1. a5519

    a5519

    Yesterday WWCA Buy at Close order filled at 4.9975.
    Look at the last minute on the attached chart.
    Is it normal ? This would mean that at close orders can not be used.
     
  2. def

    def Interactive Brokers

    Market on Close work well with NYSE stocks as there is one closing print. You on the other hand were submitting a MOC for a NASDAQ stock. Since there is no closing auction for NASDAQ stocks, the order is simulated and sent to an exchange or ECN at 4PM as a market order. IMO, your best off submitting a limit order yourself for NASDAQ stocks.
     
  3. a5519

    a5519

    Thank you, def, for clear response. It's necessary to be very careful with MOC orders.