What is MOC in purchase?

Additionally, MOC orders can be particularly useful for traders who are looking to close out their positions at the end of the trading day or for those who are seeking to enter new positions based on the day's closing price.

This means that traders placing MOC orders aim to capture the last available price of the trading day, either exactly at or slightly after the market close.

The primary advantage of using an MOC order is that it allows traders to take advantage of the closing price, which is often considered a significant benchmark for the day's trading activity.

By executing their trades at or near the closing price, traders can ensure that they are not left exposed to potential price movements that may occur after the market closes.

A market-on-close (MOC) order is a specialized type of market order utilized by traders in the financial markets.