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OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange. over-the-counter market. securities market, stock exchange, stock market - an exchange where security trading is conducted by professional stockbrokers.
A market-on-close order (MOC) is a non-limit market order that is executed as close to the end of the market day as possible. All MOC orders must be submitted by 3:45 p.m. ET on the NYSE and by 3:50 p.m. ET on the Nasdaq, as both of them close at 4 p.m. and neither exchange allows for the modification or cancellation of MOC orders after those times.