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

  1. ↑ Investopedia definition of round lot
  2. ↑ "Traders' Guide to Global Equity Markets" (PDF). Convergex.
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