Mixed Lot

AAA

DEFINITION of 'Mixed Lot'

A type of order for a number of securities that is not a round (or whole) lot order amount. This type of order is comprised of a round lot order and an odd lot order. A round lot is the exchange-established trading unit, which defines the interval at which securities typically should be traded. An odd lot is an order that falls below the initial round lot amount.

INVESTOPEDIA EXPLAINS 'Mixed Lot'

Stocks typically trade in round lots of 100, which means orders made in these intervals are traded easily between parties. An odd lot would be all orders for 99 shares or fewer.

If an investor wanted to buy 425 shares he or she would use a mixed lot order, which is broken into an round lot order for 400 shares (4 x 100 round lots) and an odd lot order for 25 shares.

RELATED TERMS
  1. Board Lot

    A standardized number of shares defined by a stock exchange as ...
  2. Lot

    In general, any group of goods or services making up a transaction. ...
  3. Odd Lot

    An order amount for a security that is less than the normal unit ...
  4. Odd Lot Theory

    A technical analysis theory/indicator based on the assumption ...
  5. Round Lot

    A group of 100 shares of a stock, or any group of shares that ...
  6. Shares

    A unit of ownership interest in a corporation or financial asset. ...
Related Articles
  1. Using Tax Lots: A Way To Minimize Taxes
    Taxes

    Using Tax Lots: A Way To Minimize Taxes

  2. What's the smallest number of shares ...
    Active Trading Fundamentals

    What's the smallest number of shares ...

  3. Brokers and Online Trading
    Options & Futures

    Brokers and Online Trading

  4. What Does The Dow Jones Industrial Average ...
    Investing Basics

    What Does The Dow Jones Industrial Average ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center