A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A dealer who buys and sells securities on his/her own account in portions smaller than 100 shares apiece. An odd-lot dealer may be a market maker for a given security on an exchange.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A member of an organized securities exchange that buys and sells in less than round lots. On most exchanges, this dealer is the specialist in a particular stock.
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.