Block trade - A large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or a total market-value of $200,000 or more.
A term used by the London Stock Exchange to denote that a transaction was reported using the block trade facility, which is: at least 75 times the Normal Market Size (NMS) for a security with an NMS of 2,000 sharesor above 50 times the NMS for a security with an NMS of 1,000 shares. i.e. a very large transaction.
Block trade : a large trading order, defined on the new york stock exchange as an order that consists of 10,000 shares of a given stock or a total market-value of $200,000 or more.
a term used by the london stock exchange to denote that a transaction was reported using the block trade facility, which is: at least 75 times the normal market size (nms) for a security with an nms of 2,000 sharesor above 50 times the nms for a security with an nms of 1,000 shares. i.e. a very large transaction.
Block trade