Odd lot

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Related to odd-lot: Odd Lot Theory

Odd lot

A trading order for less than 100 shares of stock. Compare round lot.

Odd Lot

A set of less than 100 shares. Most securities are traded in sets of 100, which are called round lots. An odd lot order may be difficult to fill because, for example, a broker trying to buy 36 shares may have a hard time finding another broker selling 36 shares or one selling 100 shares who is willing to partially fill the order with those 36. See also: Odd-Lotter.

odd lot

A unit of trading in securities that is made up of fewer than 100 shares of stock or $25,000 face amount of bonds. Also called lot. Compare round lot. See also effective sale, on-the-quotation order.

Odd lot.

The purchase or sale of securities in quantities of fewer than the standard trading lot -- 100 shares of stock or $1,000 worth of bonds -- is considered an odd lot.

At one time, trading an odd lot might have cost you a slightly higher commission, but in the electronic trading environment that's generally no longer the case.

References in periodicals archive ?
The odd-lot prices in this new service are derived using S&P Capital IQ's Securities Valuation, Pricing and Data group's proprietary methodologies and market data including inputs provided by the BondDesk alternative trading system (ATS).
Odd-lot Holders had elected to receive their funds in Euro the
Daily odd-lot short selling is examined for the period 1970 through 1995 using a generalized autoregressive conditional heteroscedatic (GARCH) model.
It costs a company with 50,000 or fewer shareholders an average of $15 per year per stock owner to service each account, said Michael Macleod, senior vice president in the odd-lot division of Shareholder Communications Corp.
The Company intends to mail the Odd-Lot Buy Back Program materials to eligible shareholders on or about May 1, 2012.
Odd-Lot Valuations will include bid- and ask-side odd-lot (<$1 million) evaluated prices, a unique market range around these prices and a flexible suite of tools to deliver these outputs to fixed income marketplace participants including retail brokers, market makers, buy-side institutions, interdealer brokers, data providers and alternative trading systems (ATSs).
both companies approved the implementation of the Odd-lot Offer at a
The Report also concludes that odd-lot secondary prices for Zynga, Inc.
The odd-lot program is intended to give eligible stockholders a convenient method to sell fewer than 100 shares, while also providing ATK with the opportunity to reduce stockholder servicing and administrative costs.
The odd-lot tender offer is not conditioned on the receipt of any minimum number of shares tendered.
The Program will also be offered to odd-lot shareholders in Hong Kong and the Philippines from February 11, 2008 to April 18, 2008.