Odd lot

(redirected from Odd-Lots)
Also found in: Dictionary.

Odd lot

A trading order for less than 100 shares of stock. Compare round lot.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Dyl and Maberly also notice that the ratio of odd-lot sales to odd-lot purchases is extremely high two days before Christmas and two days before New Year's Day.
Aggregate daily odd-lot short selling data for the NYSE were obtained from various issues of Barron's for the period 1970 through 1995.
The dependent variable LPSHORTt is the natural logarithm of one plus the rate of change in the number of aggregate odd-lot shares sold short on the NYSE.
Lakonishok and Maberly (1990) observe that the ratio of odd-lot sales minus odd-lot purchases divided by New York Stock Exchange (NYSE) trading volume is highest on Mondays.
Two variables are assigned to represent odd-lot short sales in either December or January.
The change in odd-lot short sales should be positively related to this variable.
This variable was included in the model to determine whether odd-lot short sellers react in a belated manner to changes in stock prices.
The level of trading volume on the NYSE (LVOLD) is positively related to odd-lot selling activity.
Hence, the demand for odd-lot short selling is more stable in December which is consistent with the tax hedging hypothesis.
The change in odd-lot short selling was also related to the previous day price change.
The level and variability of odd-lot short selling increased around this time.
Also the change in odd-lot short selling is no longer related to the change in stock prices from the previous day.