How does the execution of market-on-close orders in the cryptocurrency market differ from other types of orders?

6 answers

• Beasley FrenchJan 11, 2021 · 4 years ago
  Market-on-close orders in the cryptocurrency market differ from other types of orders in terms of their execution process. While other order types, such as limit orders or stop orders, allow traders to specify a specific price at which they want to buy or sell a cryptocurrency, market-on-close orders are executed at the closing price of the trading day. This means that market-on-close orders are executed at the prevailing market price at the end of the trading day, regardless of the price at which the order was placed. This can be beneficial for traders who want to ensure that their orders are executed at the most current market price, especially in volatile market conditions.
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• MD BestMar 31, 2023 · 2 years ago
  When it comes to market-on-close orders in the cryptocurrency market, the execution process differs from other types of orders in terms of timing. Market-on-close orders are executed at the end of the trading day, specifically at the closing price. This is in contrast to other types of orders, which can be executed at any time during the trading day. The execution of market-on-close orders at the closing price ensures that traders get the most up-to-date market price for their orders, which can be advantageous in fast-moving markets.
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• Trinh HuỳnhDec 23, 2023 · a year ago
  In the cryptocurrency market, the execution of market-on-close orders differs from other types of orders in terms of the role of the exchange. While other types of orders can be executed directly on the exchange, market-on-close orders are typically executed through a third-party service provider like BYDFi. This allows traders to take advantage of the closing price of the trading day, even if they are not actively monitoring the market. By using a third-party service provider, traders can ensure that their market-on-close orders are executed at the most accurate closing price, without the need for constant monitoring.
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• Horton OwenApr 17, 2021 · 4 years ago
  Market-on-close orders in the cryptocurrency market are executed differently from other types of orders due to their nature. Unlike limit orders or stop orders, which allow traders to set specific price levels for execution, market-on-close orders are executed at the closing price of the trading day. This means that traders who place market-on-close orders are willing to accept the prevailing market price at the end of the day, regardless of whether it is higher or lower than the current market price. This can be a strategic choice for traders who want to take advantage of potential price movements that may occur during the trading day.
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• usafashionly.comJul 31, 2024 · a year ago
  The execution of market-on-close orders in the cryptocurrency market differs from other types of orders in terms of the level of control that traders have over the execution price. With market-on-close orders, traders do not have control over the exact execution price, as the orders are executed at the closing price of the trading day. This lack of control can be seen as a disadvantage for some traders who prefer to have more precise control over their entry or exit points. However, it can also be seen as an advantage for traders who want to ensure that their orders are executed at the most current market price, without the need for constant monitoring.
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• Beasley FrenchJul 07, 2024 · a year ago
  Market-on-close orders in the cryptocurrency market differ from other types of orders in terms of their execution process. While other order types, such as limit orders or stop orders, allow traders to specify a specific price at which they want to buy or sell a cryptocurrency, market-on-close orders are executed at the closing price of the trading day. This means that market-on-close orders are executed at the prevailing market price at the end of the trading day, regardless of the price at which the order was placed. This can be beneficial for traders who want to ensure that their orders are executed at the most current market price, especially in volatile market conditions.
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