The trading unit of HK stocks is generally one lot, and the number of shares in each lot is determined according to the stock price. One lot can be 100 shares, 500 shares, 1000 shares, or more than 2000 shares. “Odd lot” refers to the number of securities in less than one trading unit (one board lot).
Yes, Longbridge provides odd lot trading services. You can log in to the Longbridge App - Portfolio - Trade - Choose Symbol and select a stock - Direction (Buy/Sell) - Type and tap “Odd Lot Order” - enter price and quantity and submit your order.
The odd lot market has a relatively small circulation and trading volume, so the buying price of odd lots is higher than that of board lots. In general, there will be at least 5 spreads between odd lots and board lots. When buying odd lots, you can enter a bid price that is slightly higher than the market price to give the trade a greater chance of matching. (The number of spreads is for reference only and subject to the actual market situation)
The odd lot market has a relatively small circulation and trading volume, so the selling price of odd lots is lower than that of board lots. In general, there will be at least 5 spreads between odd lots and board lots. When selling odd lots, you can enter an ask price that is slightly lower than the market price to give the trade a greater chance of matching. (The number of spreads is for reference only and subject to the actual market situation)
The charges for odd lot orders are the same as those for board lot orders. Please refer to Trading Fee for details.
Odd lot orders and board lot orders need to be placed separately. Odd lot orders must be less than one lot.
Odd lots can only be traded during the continuous trading session of HK stocks (9:30am~12:00pm and 13:00pm~16:00pm on trading days). The morning session and closing auction session are not applicable to odd lots.
Odd lot trades only support the order type of “odd lot order", while market order and conditional order are not supported. You cannot amend an order after placing it, but you can cancel the order.
The odd lot market has a relatively small circulation and trading volume, so it is difficult to find an exact match between the buyer and seller after the order is sent, which leads to a late execution.
Yes, Longbridge supports odd lot transfer-in&out. Please refer to Guidance of stocks transfer in and Guidance of stocks transfer out for details.