effective sale

Effective sale

A sale based on the most recent round-lot price, which determines the price of the next odd lot. The difference created between the last round-lot price and the odd-lot price is referred to as the odd-lot differential.

Effective Sale

The sale of a round lot (100 shares) of a security that determines the price of an odd lot trade. Thus, the effective sale is the first trade that takes place after a specialist receives an odd lot order.

effective sale

The trade that determines the price for an odd-lot order. For odd-lot market orders, the effective sale is the first trade following the specialist's receipt of the odd-lot order. For an odd-lot limit order, the effective sale is the trade that permits an odd-lot differential. See also electing sale.
Mentioned in ?
References in periodicals archive ?
Oil Search says if IPIC chooses to exchange the bond for shares, PNG will realise an effective sale price of $Aus8.55 a share.
The effective sale price is nowhere near the pounds 1billion valuation Mirror Sport exclusively revealed was put on the Anfield club by Hicks in November.
However, Russia's Deputy Prime Minister, Vladimir Bugak, damped celebrations on January 8 by indicating that the Government will only sell 2.5% of its shares in Gazprom when the financial state of the markets is deemed sufficiently robust, intimating that the effective sale may be delayed until the Summer.
The essence of the strategy lies in the revival of procurement activities, the creation of a chain operating without failures from the purchase of raw materials, its processing and the effective sale.
The effective sale price is nowhere near the ambitious pounds 1billion valuation Mirror Sport exclusively revealed was put on the club by Hicks in November.
It has also provisionally found that the agreement could risk an effective sale of the Trayport business and benefit ICE in the future whilst disdvantaging the new owner of Trayport.
This will provide those with homes for sale in Voorhees, Marlton and Cherry Hill with the requisite information to achieve a fast and effective sale.
Other FSM 202 topics include advanced objection handling, conducting effective sales meetings, and evaluating credit and lender relations.
HPE Sales Pro Community is a new global approach to driving sales excellence for HPE and partner sellers through effective sales communications and sales enablement initiatives.
The participants will also be able to learn how to prepare effective sales presentation materials, kits and sales pitches.
WorldHotels will maintain its personality and individuality while benefiting from Best Western's robust and scalable e-commerce platform, strong partnerships, award-winning loyalty programme, effective sales and marketing support, global distribution network and revenue engines.
Besides supporting Vietnamese enterprises with export promotion via international exhibitions or inviting delegations to join trade connection, trade promotion through Amazon's e-commerce channel is considered an effective sales channel, said Vietnam Trade Promotion Agency director Vu Ba Phu.

Full browser ?