markets · beginner
Auto square-off
Auto square-off is the broker’s automatic closure of intraday positions near the end of the session.
MIS and cover-order books are typically auto squared off before market close.
Timings differ by broker and are stated in their risk-management policies.
Waiting until auto square-off can mean exiting in a crowded, wide-spread window.
Delivery CNC positions are not auto squared off as intraday products are.
Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.