A broker dealer that assembles odd lots of securities into round lots and then performs various transactions such as buy and sell orders in the round lots created. Sometimes the round lots that are created are later sold to other brokers. Odd-lot dealers are not as prevalent now because the New York Stock Exchange provides this type of action free of charge to registered members.
Related information about odd-lot dealer:
- Odd-Lot Dealer - Financial Dictionary - The Free Dictionary
A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.
- What is odd-lot dealer? definition and meaning
Definition of odd-lot dealer: A broker dealer that assembles odd lots of securities into round lots and then performs various transactions such as buy and sell ...
- Odd-lot dealer Definition - NASDAQ.com
Odd-lot dealer: read the definition of Odd-lot dealer and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- Odd-Lot Dealer: Definition from Answers.com
originally a dealer who bought round lots of stock and resold it in odd lots to retail brokers who, in turn, accommodated their smaller customers at the.
- What is odd lot dealer? definition and meaning
Definition of odd lot dealer: A dealer who combines odd lot orders and fills them as round lots. Brokers sometimes charge a higher commission to execute odd ...
- odd-lot dealer - Invest Definition
odd-lot dealer definition: A member of an organized securities exchange that buys and sells in less than round lots. On most exchanges, this dealer is the ...
- Release No. 34-64525 - Securities and Exchange Commission
May 19, 2011 ... of Proposed Rule Change Amending its Rules to Remove the Concept of an “ Odd Lot Dealer”. Pursuant to Section 19(b)(1). 1 of the Securities ...
- Odd Lot Dealer Definition
Odd Lot Dealer Individual who transacts in odd lot shares by combining various buy- sell orders from different clients to make up round lots before he.