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Block trade |
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Block tradeA large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or at a total market value of $200,000 or more.Block tradeA term used by the London Stock Exchange to denote that a transaction was reported using the block trade facility, which is: at least 75 times the Normal Market Size (NMS) for a security with an NMS of 2,000 sharesor above 50 times the NMS for a security with an NMS of 1,000 shares. i.e. a very large transaction.Similar MatchesBlock traderBlock traderA dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal. Blocked fundsBlocked fundsCash flows generated by a foreign project that cannot be immediately repatriated to the parent firm because of capital flow restrictions imposed by the host government. Block votingBlock votingDescribes a group of shareholders banding together to vote their shares in a single block. Blocked currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. BlockBlockLarge quantity of stock or large dollar amount of bonds held or traded. As a rule of thumb, 10,000 shares or more of stock and $200,000 or more worth of bonds would be described as a block. Further SuggestionsStumbling blockSpecialist block purchase and sale Block list Block house Building block |
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