Selling odd share quantities

[am_wood]

I always buy and sell in exact increments of 100 shares. How come when I sell a limit order of 100 shares of XYZ for example, the sell goes thru as 2 transactions of say 83 shares and 17 shares? Just curious.

[DogDayTrader]

I always buy and sell in exact increments of 100 shares. How come when I sell a limit order of 100 shares of XYZ for example, the sell goes thru as 2 transactions of say 83 shares and 17 shares? Just curious.

The reason is that there was not an outstanding order at the time for the limit price and quantity you specified. Most on-line brokers have a "all or nothing, AON" option to buy/sell all of your shares in one chunk. It should be noted however that you might receive two different prices when not using the AON option.

[sanvister]

The purchase or sale of shares in quantities other than their marketable lot is considered an odd lot. In the physical segment, With the introduction of electronic trading in dematerialized form the concept of Odd lot has become redundant as you can buy and sell in any quantity.
While the orders you give online are executed while the markets are open, you may have the option of placing orders at your convenience, outside of normal trading hours.If you trade online, you use a computer and an Internet connection to place your buy and sell orders with an online brokerage firm.