Block trade

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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 involving the sale of a large block of securities, usually more than 10,000 shares or $200,000 in value at a time.

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.

Block trade.

When at least 10,000 shares of stock or bonds valued at $200,000 or more are bought or sold in a single transaction, it is called a block trade.

Institutional investors, including mutual funds and pension funds, typically trade in this volume, and most individual investors do not.

References in periodicals archive ?
As partners, Plato Partnership and Turquoise will develop increased efficiencies for the electronic execution of anonymous block trades in European equities in response to growing demand from market participants, particularly buy-side firms.
7bn was made by unidentified investors in block trades on Monday, said sources.
Liquidnet said it continues to provide members with liquidity that allows them to execute large block trades efficiently.
We examine insider negotiated block trades to investigate whether new active blockholders with special expertise create shareholder value.
In particular, it is important that large or less-liquid transactions be classified as block trades and that the public reporting of such transactions be adequately delayed.
British metals and mining group Vedanta Resources (LON:VED), pursuing Cairn India (BOM:532792), has bought 11% in oil and gas explorer Cairn Energya[euro](tm)s (LON:CNE) Indian unit in block trades, an informed person told Reuters on Tuesday.
If the proposal is upheld however, Liquidnet recommends a minimum threshold of A$100,000 for all block trades.
In addition to the civil monetary penalties, Morgan Stanley agreed for the next three years to 1) notify all Morgan Stanley traders of significant new and modified trading rules; 2) administer a yearly enhanced training program regarding CFTC and exchange trading rules for all appropriate Morgan Stanley employees and 3) implement, within 90 days, enhanced surveillance of TAS block trades on the NYMEX," the CFTC said.
To track it he checks the prices each broker gets for him against a list of all block trades over 5,000 shares.
The sale was the last in a series of block trades which has seen Blackstone and CVC reduce their stakes in Merlin from approximately 21% and 12% respectively to zero since the time of Merlin s IPO in November 2013, raising aggregate total gross sale proceeds of approximately Au1.