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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 MatchesSpecialist block purchase and saleSpecialist block purchase and salePurchase of a large number of securities by a specialist for himself or to pass on to another floor trader or block buyer. Block votingBlock votingDescribes a group of shareholders banding together to vote their shares in a single block. 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. Block 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 currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. Further SuggestionsBuilding blockBlocked funds Block list Stumbling block Block house |
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