What a joke:
1. Why did TMX Markets implement a Market
On Close (MOC) facility?
TMX Markets implemented a MOC facility to:
• provide equal access and opportunity in setting the closing price;
• reduce volatility at the close;
• guarantee anonymity of broker numbers and volumes in the close.
To reduce volatility at the close? Really? Actually, none of these reasons benefit the ordinary investor. What a load of hooey...