Unit of trading

Unit of trading

Unit of Trading

1. One thing that may be exchanged. For example, one dollar is a unit of money.

2. See: Lot.

unit of trading

The minimum quantity of a security required for regular trading purposes. The unit of trading for most stocks is 100 shares. Also called trading unit, unit.

Unit of trading.

When you buy stocks, bonds, options and commodities futures, it's typical to buy in a particular volume or a particular dollar value, called a round lot or a unit of trading.

For example, stocks are usually traded in lots of 100 shares, or multiples of 100 shares, and bonds in multiples of $1,000. For some preferred stocks, known as ten-share traders, the unit of trading is ten shares.

Any variation from the standard unit of trading is known as an odd lot.

References in periodicals archive ?
Japanese baby care products maker Unicharm Corp (TYO:8113) will acquire a a[euro]oesignificanta[euro] holding in The Hartz Mountain Corporation, the US pet-care unit of trading house Sumitomo Corp (TYO:8053).
A 10-strong unit of trading standards officers would be based in Cardiff under proposals submitted to the Department of Trade and Industry.
In addition, the company will pay at least 8 yen per share each year in principle, regardless of earnings, after conducting a 2-for-1 reverse stock split and halving the minimum unit of trading to 500 shares on Sept.
On Monday, the farm ministry raided the Sendai branch office of Marubeni Chikusan Corp., a unit of trading house Marubeni Corp.
Development of the Ohanet gas field in southeastern Algeria will be carried out by Ohanet Oil & Gas Co., which is 50% owned by Japan National Oil, a government-affiliated corporation to invest in oil and gas undertakings, 35% by a unit of trading house Itochu Corp.
The company also decided on a reverse split of existing stocks through the consolidation of 10 shares into one, reducing the minimum unit of trading to 100 shares from 1,000.