Block Trade

A block trade may refer to a large order, such as, for example, an order that consists of 10,000 shares of a given stock or that consists of at least total market value of $200,000 or more. However, colloquially, “block trade” may be used to refer to a large trade that may be executed by a financial intermediary on a principal or on an agency basis, usually on behalf of an institutional investor. It may refer to a block executed pursuant to a registered basis or in reliance on Rule 144.

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