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:
“Holofernes. He is too picked, too spruce, too affected, too odd as it were, too peregrinate as I may call it.
Sir Nathaniel. A most singular and choice epithet.”
—William Shakespeare (1564–1616)