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even lot |
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Even Lot Quantities established by futures exchanges as benchmarks for quoting commodity prices. Notes: The quantity of underlying commodities in futures contracts may vary. In order to ensure a quote is applicable across the range of contracts with different amounts of underlying, exchanges set price quotations to reference a specific amount. See also: Actual, Certificated Stock, Customer Type Indicator, Deck, Futures, Futures Contract, Futures Market Even lot See: Round lot
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