Why there are lot of 100 shares packs in Stock Exchanges?
I just checked live Bid/Ask Quotes for XPeng Inc (XPEV) in Nasdaq website and i notice that there are lot of 100 volume trades. Also i chekced other stocks and they also have same trades of 100 volume.
Does anyone know why is this happeing? www.nasdaq.com/market-activity/stocks/xpev/latest-real-time-trades
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An Odd Lot is a number of shares less than 100.
A Round Lot is 100 shares of stock and any number of shares that is a multiple of 100 is a round lot.
An order for a number of shares greater than 100, but not a multiple of 100 is called a Mixed Lot.
You can trade any number of shares that you like but odd lot orders are not posted to the bid/ask data on exchanges (NBBO) and they are not reported on most public data feeds.
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