Trading, Accounts & Prohibited ActsQuestion 216 of 398
In equity trading, a standard 'round lot' of common stock is generally how many shares?
a.1 share
b.100 shares
c.10 shares
d.1,000 shares
Explanation
A round lot for most common stocks is 100 shares, the standard trading unit. An order for fewer than 100 shares is an odd lot, and an order such as 250 shares is a mixed lot (a round lot plus an odd lot).
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