FYI: Tiny trades are taking over the U.S. stock market.
Several decades ago, “odd lot” trades—in which fewer than 100 shares change hands—were an insignificant part of U.S. stock trading. Now, nearly half of all trades are in odd-lot sizes. That is the highest level ever recorded and roughly double the level from 2016, according to New York Stock Exchange data.
The shift to smaller trades is being driven by the growing number of expensive stocks such as Amazon.com Inc., with prices above $1,000 a share, and the rise of computerized trading strategies that, unlike human traders, don’t think in multiples of 100.
Regards,
Ted
https://www.wsj.com/articles/tiny-odd-lot-trades-reach-record-share-of-u-s-stock-market-11571745600
