Closing Auction
The end-of-day matching event where exchanges cross accumulated buy and sell interest at one official closing price. It is typically the deepest liquidity moment of the session, which is why index funds and daily-bar strategies concentrate execution there.
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Related terms
MOC (Market-on-Close) OrderA market order designated to execute in the closing auction at the off…LiquidityHow much of an asset can be traded quickly without moving its price. D…
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.