Odd lot trades, which are trades not in 100 share increments, may not show volume when executed. This is due to specific handling rules for such orders. Here is what you need to know about odd lot trades:
- Volume Display:
- Volume may not be displayed for odd lot trades.
- This is because odd lot orders are not required to be shown to the market.
- Order Handling:
- Each exchange has its own specific rules for handling orders with sizes not in the standard lot increment of 100 shares.
- These rules can affect how odd lot trades are processed and reported.
- Standard Lot Size:
- The standard lot size for most stocks is 100 shares.
- Any order for a number of shares not divisible by 100 is considered an odd lot.
- Market Impact:
- Due to their special handling, odd lot trades may have different market impacts compared to standard lot trades.
It is important to understand these nuances when trading odd lots, as they can affect order execution and market data visibility.
Additional Information
- Odd lots and their handling, you can refer to the Interactive Brokers Knowledge Base.