As of 1 April 2008, changes in the handling of Round Lot and Odd Lot orders will be implemented for a number of exchanges.
A Round Lot is the minimum number of the minimum nominal value of an instrument, which can generate a Latest Paid Price in conjunction with trading. Odd Lot Order is an order that relates to less than One Round Lot. The official lot size for an instrument is set by the exchange based on certain criteria, such as the value of an instrument. Depending on the number of conditions, the official lot size may occasionally change.
Tokyo Stock Exchange, Singapore SGX and AMEX
Beginning 1 April 2008, clients will only be able to trade the official exchange lot sizes. The quantity field in the trade and order modules will move in increments of the official lot size for the specified instrument. You will receive an error message if you attempt to enter odd lot orders. Please note that this feature has already been launched for AMEX.
If you have an odd lot position, you will be able to close your positions manually by phone. You will not be able to open new odd lot positions, but we will accept the transfer of odd lot positions to your portfolio. Additionally, you will still be able to receive odd lots positions as a result of Corporate Actions, etc.
OMX Exchanges and Oslo Stock Exchange
Trading on the OMX Exchange and the Oslo Stock Exchange is split in a Round Lot Order Book and an Odd Lot Order Book. Consequently, you may experience that orders in the Odd Lot Order Book are not traded, even if trading is done at the same price or above in the Round Lot Order Book. We therefore encourage you to trade in Round Lots as you will then have a better chance of having your orders filled in the Round Lot Order Book.
If you try to enter an Odd Lot order, you will receive a warning message stating that trading in Odd Lot orders differs from trading in the Round Lot Order Book. This change has already been implemented.
London Stock Exchange
The London Stock Exchange does not accept orders of only one share. Therefore only orders above one share are allowed to be placed. Clients are encouraged to trade in even lot sizes (10, 50, 100, etc). Clients will preserve the ability to receive one lot positions as a result of Corporate Actions, etc. This change has already been implemented.
Exchange Updates
Lot Processing
As of 1 April 2008, changes in the handling of Round Lot and Odd Lot orders will be implemented for a number of exchanges.
A Round Lot is the minimum number of the minimum nominal value of an instrument, which can generate a Latest Paid Price in conjunction with trading. Odd Lot Order is an order that relates to less than One Round Lot. The official lot size for an instrument is set by the exchange based on certain criteria, such as the value of an instrument. Depending on the number of conditions, the official lot size may occasionally change.
Tokyo Stock Exchange, Singapore SGX and AMEX
Beginning 1 April 2008, clients will only be able to trade the official exchange lot sizes. The quantity field in the trade and order modules will move in increments of the official lot size for the specified instrument. You will receive an error message if you attempt to enter odd lot orders. Please note that this feature has already been launched for AMEX.
If you have an odd lot position, you will be able to close your positions manually by phone. You will not be able to open new odd lot positions, but we will accept the transfer of odd lot positions to your portfolio. Additionally, you will still be able to receive odd lots positions as a result of Corporate Actions, etc.
OMX Exchanges and Oslo Stock Exchange
Trading on the OMX Exchange and the Oslo Stock Exchange is split in a Round Lot Order Book and an Odd Lot Order Book. Consequently, you may experience that orders in the Odd Lot Order Book are not traded, even if trading is done at the same price or above in the Round Lot Order Book. We therefore encourage you to trade in Round Lots as you will then have a better chance of having your orders filled in the Round Lot Order Book.
If you try to enter an Odd Lot order, you will receive a warning message stating that trading in Odd Lot orders differs from trading in the Round Lot Order Book. This change has already been implemented.
London Stock Exchange
The London Stock Exchange does not accept orders of only one share. Therefore only orders above one share are allowed to be placed. Clients are encouraged to trade in even lot sizes (10, 50, 100, etc). Clients will preserve the ability to receive one lot positions as a result of Corporate Actions, etc. This change has already been implemented.
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