Series 65: 7.1.5.2 Order Sizes

Taken from our Series 65 Online Guide

7.1.5.2 Order Sizes

Orders can be expressed in either round lots or odd lots. A round lot is a normal unit of trading for a security. For stocks, this is usually 100 shares. For example, an order of 500 shares would be 5 round lots. A quantity less than this normal unit of trading is referred to

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