What is a MOC (Market-on-Close) order intended to do?
QUESTION
What is a LOC (Limit-on-Close) order intended to do?
QUESTION
What is a market order, and what is its primary execution priority?
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ANSWER
Market order; executes immediately with price uncertainty (speed priority). Market orders prioritize rapid execution at the prevailing market price, accepting uncertainty in the final price to ensure immediacy.