Why Are LOC Orders Important for Crypto Exchange Development?

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2026-06-18 10:54:38

What Is a LOC Order in Crypto Trading? A Limit-On-Close (LOC) order is a specialized order type that combines two conditions: a price limit and a closing-session execution window. Unlike a standard limit order that can fill at any point during the trading day, an LOC order is specifically designed to execute only during the closing auction or at the end-of-day settlement phase. When a trader...

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