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.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.