# Round lot

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A '''round lot''' (or '''board lot''') is a normal unit of trading of a [security](/source/Security_(finance)), which is usually 100 [shares](/source/Share_(finance)) of [stock](/source/Share_capital) in US.<ref>[Investopedia](/source/Investopedia) definition of [http://www.investopedia.com/terms/r/roundlot.asp round lot]</ref> Each stock exchange has its own regulations regarding round lot sizes: they can range anywhere from 1-100 shares, depending on the exchange.<ref>{{cite web|url=http://www.convergex.com/uploads/The_Traders_Guide_to_Global_Equity_Markets_Q2_2016.pdf |title=Traders' Guide to Global Equity Markets|publisher=Convergex}}</ref>  Any quantity less than this normal unit is referred to as an [odd lot](/source/odd_lot).

==See also==
*[Odd lot](/source/Odd_lot)
*[Odd lotter](/source/Odd_lotter)

==References==
{{Reflist}}

Category:Financial markets

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Adapted from the Wikipedia article [Round lot](https://en.wikipedia.org/wiki/Round_lot) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Round_lot?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.