View Single Post
  #5 (permalink)  
Old April 8th, 2009, 11:40 AM
Trackypup Trackypup is offline
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

Quote:
Originally Posted by katlady
Quote:
Originally Posted by dave 3261
How many shares to get these benefits?[/i]
100, it's always 100 , 100 shares of stock in the fianace world is called a "lot" or a "round lot".
Its usually 100 shares that makes up a board lot, but not always....

Investopedia explains Board Lot
For example, a stock exchange might define one board lot as equaling 1,000 shares for stock priced under $1, and 100 shares for shares of more than $1. The thinking is that standardization increases liquidity thus lowering spreads and making the market more efficient for everybody.
Reply With Quote