Significance of DISC40=5,40=B and 59=2 for mkt and Limit

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Imported from previous forum

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Hi Everyone,
I would like to know the significance of these things.
Say MarketOnClose with DISC means what , is this a correct business scenario. Is it possible for trader to submit the order to market in the fixed closing time. same for limit on Close. On Opening should also happen in a very quick execution time when the mkt opens, does trader can work on these.

I thikn that for these only the DMA / FOK is the valid case.

Please suggest.

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Hi Everyone, I would like to know the significance of these things. Say
MarketOnClose with DISC means what , is this a correct business
scenario. Is it possible for trader to submit the order to market in the
fixed closing time. same for limit on Close. On Opening should also
happen in a very quick execution time when the mkt opens, does trader
can work on these.

I thikn that for these only the DMA / FOK is the valid case.

Please suggest.

No One has replied to this query. If its not clear please mention.