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Any stock order from 1 share to 99 shares is considered to be an odd lot.\u003C\u002Fp>\u003Cul>\u003Cli>Odd-Lot orders are not posted to the bid\u002Fask data on exchanges\u003C\u002Fli>\u003Cli>Odd-Lot orders are taken into the order book at the exchange they are routed to. When the exchange is able to match an order from the other side of the book with the odd-lot, it will be filled. This could lead to a delay of the execution of an odd-lot\u003C\u002Fli>\u003Cli>Individual exchanges may impose certain restrictions on odd lot orders\u003C\u002Fli>\u003C\u002Ful>\u003Cp>There are numerous guidelines for the routing of odd-lot orders:\u003C\u002Fp>\u003Cul>\u003Cli>Odd-Lot orders to initiate positions will not be routed to primary exchanges\u003C\u002Fli>\u003Cli>Odd-Lot orders can be routed to primary exchanges, but only if the order in question is to close out a pre-existing position\u003C\u002Fli>\u003Cli>IBKR will not direct-route odd-lot orders which initiate positions to primary exchanges, therefore these type of orders should be Smart Routed so that IBKR's routing system can send the order to an ECN for execution. The exception is that odd lots can be routed to NYSE\u002FARCA\u002FAMEX, but only as part of a basket order or as a market-on-close (MOC) order.\u003C\u002Fli>\u003C\u002Ful>",[1205,1211,1213,1215],{"id":627,"title":628,"feedback_context":1206},{"request_context":1207,"type":1208,"id":627,"faq_id":627,"timestamp":1209,"cir_id":1210},"faq-browser-public,faq-browser-1:JFaqHTTP6-193ee3b7-827e-4a11-9b28-423c6ae898d2","FAQ_NAVIGATION",1794538809897,"972a476f-b7fd-40c0-9e94-ce3a0af1268b",{"id":983,"title":984,"feedback_context":1212},{"request_context":1207,"type":1208,"id":983,"faq_id":983,"timestamp":1209,"cir_id":1210},{"id":1091,"title":1092,"feedback_context":1214},{"request_context":1207,"type":1208,"id":1091,"faq_id":1091,"timestamp":1209,"cir_id":1210},{"id":1177,"title":1178,"feedback_context":1216},{"request_context":1207,"type":1208,"id":1177,"faq_id":1177,"timestamp":1209,"cir_id":1210},"\u003Cp>An \"Odd Lot\" is a stock order comprised of less than 100 shares of stock. Any stock order from 1 share to 99 shares is considered to be an odd lot.\u003C\u002Fp>\u003Cul>\u003Cli>Odd-Lot orders are not posted to the bid\u002Fask data on exchanges\u003C\u002Fli>\u003Cli>Odd-Lot orders are taken into the order book at the exchange they are routed to. When the exchange is able to match an order from the other side of the book with the odd-lot, it will be filled. This could lead to a delay of the execution of an odd-lot…\u003C\u002Fli>\u003C\u002Ful>",[1219,1232,1240,1248],{"id":1220,"title":1221,"feedback_context":1222,"short_description":1225,"source":1226,"slug":1231},"1436617069","Odd Lot NBBO - FAQs",{"request_context":1207,"type":1223,"id":1220,"faq_id":1220,"timestamp":1224,"cir_id":1210},"FAQ_SIMILAR",1794538809930,"\u003Cp>\u003Cstrong>What is the odd lot NBBO?\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>The odd lot NBBO (National Best Bid and Offer) displays the best odd lot bid and best odd lot offer priced inside the standard (round lot) NBBO. It represents better prices available in the market from orders that are smaller than a round lot…\u003C\u002Fp>",{"id":1227,"title":1228,"link":1229,"sourceType":1230},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=1436617069","FAQ","odd-lot-nbbo-faqs-1436617069",{"id":1233,"title":1234,"feedback_context":1235,"short_description":1236,"source":1237,"slug":1239},"1179664671","What is an \"odd lot\" in stocks?",{"request_context":1207,"type":1223,"id":1233,"faq_id":1233,"timestamp":1224,"cir_id":1210},"\u003Cp>Simply stated, an \"Odd Lot\" is a stock order comprised of fewer shares than a “Round Lot”. The size of a round lot is determined using tiering based on the share price of the stock.  The tiering is as follows:\n|  Share price (average closing price)   |…\u003C\u002Fp>",{"id":1227,"title":1228,"link":1238,"sourceType":1230},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=1179664671","odd-lot-stocks-1179664671",{"id":1241,"title":1242,"feedback_context":1243,"short_description":1244,"source":1245,"slug":1247},"38460255","How do I trade Hong Kong stocks if my order size is lower than the required minimum?",{"request_context":1207,"type":1223,"id":1241,"faq_id":1241,"timestamp":1224,"cir_id":1210},"\u003Cp>Hong Kong stocks are traded in board lots which are determined by the respective company. Positions less than a board lot are commonly known as \"odd lots\" and could be closed via the TWS or other trading platforms by placing a sell order.\u003C\u002Fp>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong>…\u003C\u002Fp>",{"id":1227,"title":1228,"link":1246,"sourceType":1230},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=38460255","trade-hong-kong-stocks-if-38460255",{"id":1249,"title":1250,"feedback_context":1251,"short_description":1252,"source":1253,"slug":1255},"730706787","Why does volume not show for odd lot trades, and how are they handled?",{"request_context":1207,"type":1223,"id":1249,"faq_id":1249,"timestamp":1224,"cir_id":1210},"\u003Cp>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. 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