If a firm sends a MOC order to the Amex, can they trade more regular limit orders on the Amex?
Yes, firms can also enter regular limit and/or market orders on the Amex while they have pending MOC/ LOC orders in accumulation on the order book. There are limitations to the manner in which traders can interact with the Amex market during the closing process. Traders need to have legitimate business reasons for entering such orders. See Amex Notice on Inappropriate Manipulation of the Close.
Related Questions
- If a member firm accepts "Fill or Kill" orders with a limit price, the OATS system requires a Time in Force Code to be provided. What Time in Force code should be used in this situation?
- What if the Amex receives no MOC orders in a particular security? How will it be publicly known that the Amex is not the official close?
- Can I place stop and limit orders on the same ticket as the open trade?
