Personal Finance & Money Asked on June 30, 2021
I recently asked Why didn't my buy limit order become the highest bid? when my odd lot (1 share) buy limit order did not appear in the public list of bids. If odd lot buy orders do not appear in the public list, how do potential sellers know of the existence of odd lot buy orders? My buy order was eventually executed. What I don’t understand is: if my order was not advertised to the public, how did the seller manage to sell their shares to me?
It can be done using bunching, which aggregates odd lot orders together as block trades, executing the odd lot orders as one transaction. The order management system usually handles this process.
Answered by RiverNet on June 30, 2021
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