odd-lot dealer

Odd-lot dealer

A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

Odd-Lot Dealer

A dealer who buys and sells securities on his/her own account in portions smaller than 100 shares apiece. An odd-lot dealer may be a market maker for a given security on an exchange.

odd-lot dealer

A member of an organized securities exchange that buys and sells in less than round lots. On most exchanges, this dealer is the specialist in a particular stock.
References in periodicals archive ?
and its affiliates may trade for their own accounts as odd-lot dealer, market maker, block positioner, specialist and/or arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders.