odd lots
Sub-hundred share trades
Odd lots are quantities of stock smaller than the standard trading unit, typically fewer than 100 shares.
The term extends to any merchandise sold in irregular or mismatched quantities, often at a discount: The store specializes in odd lots and closeouts.
In investing, odd-lot trades were once costlier to execute, though electronic trading has largely eliminated this disadvantage.
- remaindersWhat stays after subtraction
- irregularsUnofficial combatants or anomalies
- mismatchedNot fitting together properly
- stocksOwnership stakes or inventory
- transaction costsExpenses beyond the item's price
liquidity · order book · market maker · shorts · limit order · equities · brokerage fees · investment · clearinghouse · small investor · penny stocks · trading platform · arbitrage · stock exchange · secondary market · floor trader · algorithmic trading · closeouts
- bargain goodscloseout, clearance, liquidation, markdown, discounts