An odd lotter is an investor who purchases shares or other securities in small or unusual quantities. Stocks are typically traded in increments of 100 shares, a quantity known as a round lot or board lot. The cost of 100 shares of a security may be beyond the means of an individual investor, or may represent a larger investment than the investor wishes to make. Thus, the investor purchases an odd lot.
Read more about Odd Lotter: Odd Lot Theory, Electronic Trading
Famous quotes containing the word odd:
“Actually being married seemed so crowded with unspoken rules and odd secrets and unfathomable responsibilities that it had no more occurred to her to imagine being married herself than it had to imagine driving a motorcycle or having a job. She had, however, thought about being a bride, which had more to do with being the center of attention and looking inexplicably, temporarily beautiful than it did with sharing a double bed with someone with hairy legs and a drawer full of boxer shorts.”
—Anna Quindlen (b. 1952)