Markman Capital Insight

MCI Tradecraft: Setting "Limit on Close" Orders

December 4th, 2014

Limit on close orders are very common in futures trading, particularly in the Gemini systems program that we license and distribute. LOC orders instruct traders to buy or short a contract only if it is in the recommended range in the final minute of the main daily trading session. The final minute -- 4:14 to 4:15 pm ET for equity index contracts --...