Trading & Market Structure

Odd Lot

Definition

What is Odd Lot?

A trade quantity smaller than the standard board lot.

Example in practice

An investor sells 37 shares as an odd lot.

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The highest price a buyer is currently willing to pay for a security.

The lowest price a seller is currently willing to accept for a security.

The difference between the best available buying and selling prices.

An instruction to buy or sell immediately at the best available prices.

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