Odd lots

Discussion in 'Order Execution' started by maxpi, May 6, 2003.

  1. maxpi


    I am looking at Interactive Brokers commission and fee schedule. It looks like I could diversify in a really small account. I would have to have small positions in a few issues. The question is, how are these odd lot orders going to get treated? Will I get reasonable fills on a few shares of a $2 issue for example?

  2. ctrader


    Thats what i do. IB allows us small players to trade like the big boys in terms of money management/risk control etc.
  3. maxpi


    Great, good to know. Thanks for the reply.

  4. Can you set up limit orders for odd lots on NYSE stocks? Or are they only handled as market orders?
  5. ctrader


    One share or 100, doesn't seem to be a difference.
  6. egusc


    My understanding is that IB will not allow you to buy in lots less than 100 on the NYSE, you can only sell in odd lots on the NYSE. I have not traded odd lots but this is what i remember reading at IB.

    Good luck
  7. ctrader


    Thats the way it used to be but it changed. Just this week I bought 60 shares of CC.