Round lot

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Round lot

A trading order typically of 100 shares of a stock or some multiple of 100. Related: odd lot.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Round Lot

1. 100 shares of a stock or other security.

2. $1,000 or $5,000 in bonds.

Most trading takes place in multiples of round lots.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

round lot

The standard unit of trading in a particular type of security. For stocks, a round lot is 100 shares or a multiple thereof, although a few inactive issues trade in units of 10 shares. For corporate, municipal, and government bonds, a round lot is usually considered to be $100,000 of principal amount of securities per trade. Customers involved in securities transactions in lots other than round lots are often penalized somewhat because the trades require more broker and dealer effort. Also called even lot, lot, normal trading unit. Compare odd lot.
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.

Round lot.

A round lot is the normal trading unit for stocks and bonds on an organized securities exchange or market, also called a trading platform.

For example, shares of stock traded in multiples of 100 are typically considered round lots, as are bonds with par values of $1,000 and $5,000.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
A round-lot of SPDRs is considered to be 100 units so we multiplied again by 10 to get the mispricing of $4.10 on a round-lot basis.