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Odd Lotter

An investor who trades in less than 100 share units or an odd lot (also board lot). Actions of odd...

Odd-Lot Short Sale Ratio

A technical market indicator that involves relative odd-lot short trading by small investors. This ratio relates odd-lot short sales over...

Odd-Lot Differential

The markup that is charged on odd-lot purchases or the markdown that is taken out on odd-lot sales as a...

Odd-Lot Balance Index

A market sentiment indicator that relates odd-lot sales to odd lot purchases: Odd-lot balance index = odd-lot sales / odd-lot...

Order Book

A list of buy (bid) and sell orders (offer) for a security or financial instrument that a trading venue (e.g.,...

On-Close Order

A specialized order that a customer places to a broker or an exchange, with the former specifying that the order...

Odd-Lot Index

The ratio of odd-lot purchases to odd-lot sales: Odd-lot index = odd-lot purchases/ odd-lot sales Volume is typically expressed in...

Order Consolidation

The process of grouping large orders together rather than allocating these orders up front. In other words, it involves combining...

OLBI

An abbreviation for odd-lot balance index; a market sentiment indicator that relates odd-lot sales to odd lot purchases: OLBI =...

Order Anticipation

A directional strategy that is deployed by high frequency traders, both as providers and users of liquidity, in the lookout...