Examples of Odd Lot Trader in a sentence
The Designated Market Maker or Odd Lot Trader will receive an auto-execution message for each Odd Lot Order trade that it participated in.
Odd Lot Orders (and the Odd Lot portion of Mixed Lot Orders) for securities that do not have a Designated Market Maker or Odd Lot Trader and security types for which there is no OLF will be rejected.
Odd Lot Limit Orders booked in the OLF will be validated against the NBBO following each change to the NBBO, and, where the limit price is at or within the NBBO, will be auto-executed by the Designated Market Maker or Odd Lot Trader at the NBBO.
If the last Board Lot size of a Mixed Lot Order is executed in the Opening Call, the Odd Lot Order portion of the Mixed Lot Order will be auto-executed by the Designated Market Maker or Odd Lot Trader at the COP.
Odd Lot Limit Orders with a price equal to or better than the COP will be auto- executed by the Designated Market Maker or Odd Lot Trader at the COP immediately following the Opening Call.
In the event of successful matching, no brokerage will be charged by the Odd Lot Trader for the odd lots of the FEC Consideration Shares sold as FEC has agreed to absorb this cost as part of the appointment of the Odd Lot Trader.
Each certificate evidencing Shares issued to you hereunder shall bear a legend in substantially the following form: RESTRICTED SHARES THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ALL TERMS, CONDITIONS, AND RESTRICTIONS OF THE MIDWEST BANC HOLDINGS, INC.
Scheme Shareholders selling odd lots of the FEC Consideration Shares through their brokers to the Odd Lot Trader will be responsible for all fees (if any) payable to their brokers, but no additional brokerage will be payable by them to the Odd Lot Trader.Scheme Shareholders should note that the successful matching of odd lots of the FEC Consideration Shares and the provision of liquidity referred to above is not guaranteed.
The opening of trading accounts with the Odd Lot Trader for the purpose of the Matching Service is subject to satisfactory completion of requisite account opening procedures.
Details of the odd lot matching service to be provided to the Scheme Shareholders, including without limitation, the contact information of the Odd Lot Trader, are set out in the section headed “Arrangements relating to sale of odd lots of HRIF Shares” of this joint announcement.