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:
“It is an odd jealousy: but the poet finds himself not near enough to his object. The pine-tree, the river, the bank of flowers before him, does not seem to be nature. Nature is still elsewhere.”
—Ralph Waldo Emerson (1803–1882)