What is ‘Odd Lotter’
An individual investor who buys securities, usually stocks, in odd lots. This is the opposite of someone who buys securities in round lots.
Explaining ‘Odd Lotter’
A round lot is 100 stocks; therefore, someone buying any number that is not a multiple of 100 would be considered an odd lotter.
Further Reading
- Odd-Lot Trading in the Stock Market and Its Market Impact – www.jstor.org [PDF]
- Mispricing in the odd lots market in Brazil – www.sciencedirect.com [PDF]
- What's not there: The odd-lot bias in TAQ data – papers.ssrn.com [PDF]
- Tests of the efficient market model using aggregate odd-lot data – papers.ssrn.com [PDF]
- Funding public goods with lotteries: experimental evidence – academic.oup.com [PDF]
- The predictive power of stock market indicators – www.jstor.org [PDF]
- Essays on liquidity in financial markets – www.lume.ufrgs.br [PDF]
- The Application of Odd-Lot Buy Signals to Individual Stocks – search.proquest.com [PDF]
