Order Types
At-the-Close Order
Definition
What is At-the-Close Order?
An instruction intended for execution at or near the official closing price.
Example in practice
How This Looks in Practice
An index fundA fund designed to track the holdings and performance of a stated market index. uses an at-the-close order on a rebalancingRestoring a portfolio toward its target weights by buying or selling assets. day.
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Related Terms
Order Types
Market Order
An instruction to buy or sell immediately at the best available prices.
Order TypesLimit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.