Block trade


 

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Block trade

A 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 trade

A 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 Matches

Specialist block purchase and sale

Specialist block purchase and sale

Purchase of a large number of securities by a specialist for himself or to pass on to another floor trader or block buyer.


Block voting

Block voting

Describes a group of shareholders banding together to vote their shares in a single block.


Block

Block

Large 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 trader

Block trader

A dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal.


Blocked currency

Blocked currency

A currency that is not freely convertible to other currencies due to exchange controls.


Further Suggestions

Building block
Blocked funds
Block list
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