| odd lot |
A block of stock consisting of less than 100 shares.
When odd lots trade, a premium is usually tacked on
by the specialist or market maker. These receive the
least favorable price and trade last.
|
|
| open order |
An order to buy or sell a security that remains in
effect until it is either canceled by the customer or
executed.
|
|
| order matching |
The Market Maker practice of pairing buy and sell orders
for like amounts of securities at identical prices.
|
|
| OTC |
Over the counter. Term used to describe either markets
away from regulated stock exchanges or the stocks that
are traded in those markets.
|
|
| Overbought |
Market prices that have
risen too steeply and too quickly. |
|
| Oversold |
Market prices that have
declined too steeply and too quickly. |
|
over-the-counter
(OTC) securities |
Securities that are
not listed and traded on an organized exchange. |
