odd lot investment & finance definition

In the stock market, a trade that isn’t divisible by 100. In the money market, an odd lot is a trade that doesn’t meet the minimum amount required for dealers’ quotes. The minimum ranges from $100,000 to $50 million, depending on the size and liquidity of the issue traded. Odd lots in the futures markets vary depending on the contract. The opposite is a round lot, which is exactly 100 shares.