Round lot
A round lot (or board lot) is a normal unit of trading of a security, which is usually 100 shares of stock in US.[1] Each stock exchange has its own regulations regarding round lot sizes: they can range anywhere from 1-100 shares, depending on the exchange.[2] Any quantity less than this normal unit is referred to as an odd lot.
See also
References
- ^ Investopedia definition of round lot
- ^ "Traders' Guide to Global Equity Markets" (PDF). Convergex.