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...