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End of day order (EOD) definition

End of day order (EOD)

An order to buy or sell at a specified price that remains open until the end of the trading day, typically at 5pm/17:00 New York time.

The point at which an EOD order will close depends on the trading hours for your given market. If we take EOD orders on stocks, for example, the closing time will depend on the given exchange’s hours. Day orders on London Stock Exchange-listed shares will close at 4:30pm (UTC) each day, while day orders on Nasdaq or NYSE-listed shares will close at 9pm (UTC).

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