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block trade

   Also found in: Wikipedia 0.07 sec.
Block Trade
An order/trade submitted for sale or purchase of a large quantity of securities. Also known as "Block Order".

Notes:
In general, 10,000 shares of stock (not including penny stocks) or $200,000 worth of bonds would be considered a block trade.

Block trade
A large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or at a total market value of $200,000 or more.
block trade
A trade of a block of shares that is most likely to occur between two institutions because of the large amount of money involved.
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? Mentioned in ? References in periodicals archive
 
8 million shares of common stock, worth nearly $200 million, in a block trade with Citigroup Corporate and Investment Banking.
Axis seeks capital boost through preferred share sale by Best's Review
The money spent by the National Association of Manufacturers in Washington to block trade initiatives is one example.
Beating back protectionism by Swonk, Diane / Chief Executive (U.S.)
The company must stay within trading volume restrictions unless it is doing a block trade.
Stock buybacks: the rules by McCarthy, Ed / Journal of Accountancy
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