Even lots/odd lots?

From: "Linda Lu" <llu@iname.com>
Subject: Even lots/odd lots?
Date: Sun, 3 Jan 1999 11:25:46 -0600

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What are the disadvantages of buying odd lots?  In the past, I know brokers
charged higher commissions on odd lots, but that is not the case with the
online brokers I use, DATEK and Discover Brokerage Direct.

Recently I read that odd lots also incur a 1/8 surcharge on each buy or sell
transaction, in addition to the usual spread, and that odd lots may be
executed more slowly than round lots.  Can others confirm this, as I have
been unable to confirm this information from any other source?

Thanks,

Scott L.




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