Canada's capital markets are comprised of various participants, representing different needs and objectives when it comes to trading at the market close. The market close is usually a period of peak transaction volume and increased volatility. Significant price moves can occur on relatively small volumes of trades.
The TSX/TSXV MOC model adopts best international practices. TMX Markets has also worked closely with Buy-side and Sell-side firms to develop a market on close model. This model provides significant benefits in terms of increased liquidity and lower levels of volatility at the close.