I just noticed this lately when my stock investor friend made a Facebook update that FMS (First Metro Sec) is now accepting odd lot orders.Â
What are odd lot Orders?Â
This type of order is for your shares that donâ€™t complete a whole board lot. These shares may be the result of a property dividend or stock dividendÂ that is why you end up with some stocks not completing a board lot. Such shares will be left out thus an odd lot order will help you in selling such shares.
In order to sell your excess stocks in an odd lot you have to place such during the trading hours. For now odd lot orders cannot be placed in off-hours.
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