{"id":180593,"date":"2021-06-24T20:18:00","date_gmt":"2021-06-25T00:18:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/close-price-strategy\/"},"modified":"2023-01-22T13:36:42","modified_gmt":"2023-01-22T18:36:42","slug":"close-price-strategy","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/close-price-strategy\/","title":{"rendered":"Close Price Strategy"},"content":{"rendered":"<p>An IBAlgo designed to minimize slippage with respect to the closing price by slicing orders into smaller quantities and executing them in the continuous market just before the close. It considers the user-assigned level of market risk, the user-defined target percentage of volume, and the volatility of the stock in determining how long before the close it should start executing the trade, and the pace at which the trade should be executed.  For more information, see the TWS Users&#8217; Guide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An IBAlgo designed to minimize slippage with respect to the closing price by slicing orders into smaller quantities and executing them in the continuous market just before the close. It considers the user-assigned level of market risk, the user-defined target percentage of volume, and the volatility of the stock in determining how long before the close it should start executing the trade, and the pace at which the trade should be executed. For more information, see the TWS Users&#8217; Guide.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13256,13251],"class_list":["post-180593","glossary-terms","type-glossary-terms","status-publish","traders-glossary-trading-terms-c","traders-glossary-trading-alphabet"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"An IBAlgo designed to minimize slippage with respect to the closing price by slicing orders into smaller quantities and executing them in the continuous...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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