Limit On Close - LOC
Orders with the "LOC" parameter will be satisfied for the "Close" Price for the given trading day limited at the lowest by the lowest price shown in the order window as the "Limit Price".
LOC allows orders with a limit price of the final price on the trading day to be completed.
Example of use:
This order is best to use in situations where the investor is convinced that the closing price is the best price available on the given trading day. The order can be settled up to the entered Limit Price (if a Limit Price lower than the closing price is entered the order will not be settled).
Orders placed at 21:45 (CET) and later can be cancelled by the market. A cancellation order can be issued up until 21:45 (CET). If the order cannot be settled due to the low Limit Price the order will be cancelled. Order validity is always the given trading day (current close of the market). Information about transaction settlement is available 45 minutes after the market closes.
Placing an order:
In the buy/sell window, select "Limit on Close" in the "Additional parameters" section.
