Trading & Market Structure
Board Lot
Definition
What is Board Lot?
The exchange's standard trading unit for a securityA tradable financial claim or ownership interest, such as a share, bond, or fund unit..
Example in practice
How This Looks in Practice
Orders below the 100-share board lot enter the odd-lot market.
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Related Terms
Trading & Market Structure
Bid
The highest price a buyer is currently willing to pay for a security.
Trading & Market StructureAsk
The lowest price a seller is currently willing to accept for a security.
Trading & Market StructureBid-Ask Spread
The difference between the best available buying and selling prices.
Order TypesMarket Order
An instruction to buy or sell immediately at the best available prices.