Trade imbalances on the NYSE (Imbalances)

Market On Close (MOC) order is an order, which can be sent during the day during the trading session, but will be executed in the last trade at close. Throughout the trading day, exchanges accumulate MOC orders and bring them together in the last trade (print) trading day. Closer to the close of the main trading session in highly liquid stocks, it often happens that large sellers and buyers have not been able to fully fulfill their daily orders. No later than twenty minutes before the close of the exchange, they, according to the rules of the exchange, place a public order to buy or sell large packages, which can be hundreds of thousands, or even millions of shares. This order is executed in the last seconds of the market and is included in the final exchange trades., often causing little additional movement towards the order. According to the rules, such orders go to news for specific promotions, and traders can see it. Traders, working on this strategy, open their positions on the side of large orders and …

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