Stock Units
Definition
Lot
In general, any group of goods or services making up a transaction. In the financial markets, a lot represents the standardized quantity of a financial instrument as set out by an exchange or similar regulatory body. For exchange-traded securities, a lot may represent the minimum quantity of that security that may be traded.
Source: Investopedia
Board Lot
A standardized number of shares defined by a stock exchange as a trading unit. In most cases, this means 100 shares. The purpose of a board lot is to avoid “odd lots” and to facilitate easier trading. It’s more difficult for a broker to find a buyer for, say, 17 shares, than if everybody agrees to trade in 100 share lots.
Source: Investopedia
Odd Lot
An amount of a security that is less than the normal unit of trading for that particular security.
Source: Investopedia
1 Lot = 1000 unit
1 Board Lot = 100 unit
Unit that smaller than board lot is Odd lot
In Bursa Malaysia, trading in odd lot is not permitted.
