{"id":204956,"date":"2025-05-13T15:44:46","date_gmt":"2025-05-13T15:44:46","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/trading-lessons\/ibkr-desktop-market-on-close-order\/"},"modified":"2026-06-08T18:50:18","modified_gmt":"2026-06-08T18:50:18","slug":"ibkr-desktop-market-on-close-order","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/ibkr-desktop-market-on-close-order\/","title":{"rendered":"IBKR Desktop Market on Close Order"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Already an Interactive Brokers Client?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ndcdyn.interactivebrokers.com\/mkt\/?src=taDSKOTRTP&#038;url=%2Fsso%2Fresolver%3Faction%3DAccountSettings%26config%3DTradingPermissions\" target=\"_blank\" rel=\"noreferrer noopener\">Request Trading Permissions<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>New to Interactive Brokers?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ndcdyn.interactivebrokers.com\/mkt\/?src=taDSKOTAcc&#038;url=%2FUniversal%2FApplication\" target=\"_blank\" rel=\"noreferrer noopener\">Open Account<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">A Market-on-Close or MOC orders are a type of market order that aims to execute a trade as close as possible to the closing price of the trading day. MOC orders are used to achieve the last possible price of that trading day, often in anticipation of potential price movements on the next trading day. &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-set-up-of-market-on-close-order-in-ibkr-desktop\">Set up of Market on Close order in IBKR Desktop<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The order panel in IBKR Desktop can be populated by either clicking on a symbol in the Portfolio or Watchlist screens or typing in a symbol in the search bar. Once the symbol is selected the investor can click \u201cBuy\u201d or \u201cSell\u201d to create an order window. In this example the investor chooses to create a \u201cBuy\u201d order and can select the quantity. Note that &nbsp;fractional shares are not supported.&nbsp; The investor chooses 100 shares. Directly below are three order types; Limit, Market, and Stop. The investor clicks on \u201cStop\u201d and scrolls to \u201cMarket on Close\u201d, the line below automatically changes from a value to Market. Because this is a Market order there is no need to change the Time-in-Force field.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-submitting-a-market-on-close-order-in-ibkr-desktop\">Submitting a Market on Close order in IBKR Desktop<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When the investor is satisfied with the order inputs, they can either click on \u201cPreview\u201d to see a breakdown of the order as well as its effect on margin, \u201cSave\u201d to save the order to be transmitted later, or \u201cTransmit\u201d to send the order. The investor chooses \u201cPreview\u201d, and the Order Preview window appears. Once satisfied they click \u201cTransmit\u201d to send the order.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please note that the Nasdaq stops accepting MOC orders at 3:55 pm ET and NYSE stops accepting MOC orders at 3:50 pm ET. Please see each exchanges website for more details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this lesson, we\u2019ll define the objective of the Market on Close order type and show the investor how to create a Market on Close order in IBKR Desktop.<\/p>\n","protected":false},"author":1134,"featured_media":204957,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":true,"footnotes":""},"contributors-categories":[149],"traders-academy":[100,103,105],"class_list":["post-204956","trading-lessons","type-trading-lessons","status-publish","has-post-thumbnail","contributors-categories-interactive-brokers","traders-academy-beginner-trading","traders-academy-level","traders-academy-trading-lesson"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.0) - 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