At-the-Close Order

  

Categories: Investing, Stocks, Trading

Stocks and other securities go up and down in price all day long. If you happen to order yours at the close of the market (at the end of business hours), you have an at-the-close order, and you'll generally be paying the closing price for the day (this can be bad news or good news, depending on what the closing price was).

It may be easier to think of it in terms of fast food: If Big Mac prices changed every minute, and you ordered one at the close (midnight at your local McDonalds), the burger flippers' clerk would scream your name at 11:59PM. Whatever the price for Big Macs was at that moment would be the price you'd be charged.

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Finance: What is Good Delivery?11 Views

00:00

Finance allah shmoop What is good delivery All right Well

00:07

here's bad delivery You have been there if a security

00:10

that's traded on an exchange meets the requirements toe permit

00:14

it to be transferred from seller to buyer While then

00:18

the transfer is said to be of good delivery When

00:21

it happens legal transfer happens with no hiccups and well

00:24

life is good But on the other hand if a

00:26

share of stock is say restricted as in a one

00:29

forty four a type situation so that it cannot be

00:33

transferred Well then good delivery of this share cannot be

00:36

realized Recall that a one forty four a restriction is

00:39

a common provisions that insiders like early investors and management

00:43

and founders of a recently i po'd company fall under

00:47

that is for a six months and change after the

00:49

company was first taken public they are restricted from being

00:53

able to transact in there stock They couldn't sell it

00:55

And nobody could take good delivery of those shares Well

00:58

why would there be a provisioned for good delivery in

01:01

the first place Well you can imagine that before the

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various regulatory bodies took hold in america there was all

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kinds of room for fast talking city slickers to sell

01:10

no value Floor tiles of blue sky too ignorant farmers

01:14

who really didn't know what they were buying or that

01:17

various legal hoops had to be jumped through first So

01:20

good delivery actually became a hurdle that brokerages and their

01:23

clients had to pay attention to And well let's hope

01:26

they get it better Then this ups guy We're still 00:01:29.509 --> [endTime] angry about our glasses Yeah

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