Odd lots

M

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?

Max
 
Thats what i do. IB allows us small players to trade like the big boys in terms of money management/risk control etc.
 
Quote from Hurricane:

Can you set up limit orders for odd lots on NYSE stocks? Or are they only handled as market orders?
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One share or 100, doesn't seem to be a difference.
 
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
 
Quote from 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
More...

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