IB Market at Close (MOC) orders

T

trading1

I'd like to trade and get the End of Day, Market at Close price. I notice IB offers this choice with the MOC order. Does any one have experience with these, do they work totally reliably?

I ask because sometimes, with the best efforts with simulated orders from IB the orders are totally reliable (eg combination orders) or get a reduced priority and after the close of market, it's a bit late to try and get in if the order is not filled for some reason.
 
Quote from trading1:

I'd like to trade and get the End of Day, Market at Close price. I notice IB offers this choice with the MOC order. Does any one have experience with these, do they work totally reliably?

I ask because sometimes, with the best efforts with simulated orders from IB the orders are totally reliable (eg combination orders) or get a reduced priority and after the close of market, it's a bit late to try and get in if the order is not filled for some reason.
More...

My experience with MOC orders and IB has not been good. In a few instances, I've been filled at terrible prices a minute or two after the close when the spread widens considerably.
 
I do MOC and LOC orders regularly for NYSE and NASDAQ stocks through IB. I've always received the closing cross price.
 
When does a MOC orders have to be submited??

still 20 minutes before 4pm?


is this for both NYSE and Nasdaq??


still looking for an answer
 
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