Odd lot transactions

2011_NewComer · 1 Odd lot transactions Tue Apr 12, 2011 3:30 pm

2011_NewComer

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What are the online trading systems that support odd lots?

Mine doesn't.
Is there any url where we can see odd lot orders in the queue?
Any specific rules regarding odd lot transactions?

Please share your knowledge/experience on odd lots. I have never done that.

Smile

thanks

Fresher · 2 Re: Odd lot transactions Tue Apr 12, 2011 3:45 pm

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what is your system?
I don't think that it doesn't have. it shud be somewhere

2011_NewComer · 3 Re: Odd lot transactions Tue Apr 12, 2011 3:48 pm

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ATrade system - capital trust

worthiness · 4 Odd LOTs Wed Apr 13, 2011 11:02 am

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I am using CDAX. Kindly give me simple instruction how to sell share lot of 538 using CDAX via internet. I am well familiar with seliing shares in 100s. Thanks

ne2011 · 5 Re: Odd lot transactions Wed Apr 13, 2011 6:40 pm

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Can you buy/sell in less than 100's?? I thought it always has to be in lots of 100's. I use the Sampath online system. They've never let me fill other than in multiples of 100's.

Antonym · 6 Re: Odd lot transactions Thu Apr 14, 2011 1:40 am

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@2011_NewComer: I trade through JB Securities. On their system, you can buy or sell lots of less than 100 shares (odd lots).

If you have 538 shares, for example, you would need to sell 500 in the normal way and 38 as 'odd lot shares'.

Gaja · 7 Re: Odd lot transactions Thu Apr 14, 2011 8:49 am

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worthiness wrote:

I am using CDAX. Kindly give me simple instruction how to sell share lot of 538 using CDAX via internet. I am well familiar with seliing shares in 100s. Thanks

I CDAX u can do it, you have to put 2 orders one for 500, and another order for 38, Direct FN also allows odd transactions, but NDB one is not allowing the Odd transactions and if i am not mistaken NDB & Capital Trust are using similar systems

worthiness · 8 ODD LOT TRANSACTIONS Thu Apr 14, 2011 10:38 am

worthiness

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On CDAX selling window there is one feild "Board".

Under "Board" there are 3 selections
a) ET Normal
b) ET ODD
c) ET Cross

Should I select only ET ODD feild for selling ODD lots of shares?
Other than ODD feild should change anything else?

What is ET CROSS for?

Appreciate any CDAX user supports this question.

Thanks

DK · 9 Re: Odd lot transactions Thu Apr 14, 2011 11:06 am

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ET CROSS is the 'crossings' book for large block transactions. Usually these take care of transactions that are few million rupees worth as a single transaction.

If you select ET ODD as the option you can submit a order size below 100. That's all you need to do.

ne2011 · 10 Re: Odd lot transactions Thu Apr 14, 2011 12:52 pm

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Thanks zillions.. will try it when it opens for trade again..

swan03 · 11 Re: Odd lot transactions Thu Apr 14, 2011 5:21 pm

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Can we buy odd lots at the same price? I heard that have to pay little bit more than the normal price.

Antonym · 12 Re: Odd lot transactions Thu Apr 14, 2011 5:37 pm

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@swan03: That is usually the case. But it depends... Sometimes, there could be some seller who wants to urgently liquidate his odd lot shares. In that case, he would offer them at a lower price than the normal shares.