What does Bid Lot and Ask Lot on a quote mean?
The numbers denote the board lots available at the bid and ask prices. A board lot is a regular trading unit. The board lot size of a stock can be 1000, 500, or 100 shares depending on the price of the stock and the exchange. Generally, for stocks that trade at $1 or more, a board lot is 100 shares.
The numbers denote the board lots available at the bid and ask prices. A board lot is a regular trading unit. The board lot size of a stock can be 1000, 500, or 100 shares depending on the price of the stock and the exchange. Generally, for stocks that trade at $1 or more, a board lot is 100 shares. What happens if I place an order online but I do not have sufficient margin to cover the trade? All online orders are screened for sufficient margin, as per securities regulations. When you place an order to purchase securities, sufficient margin must be in your account in advance of the trade. To ensure that you have sufficient margin to cover the trade before placing the order, simply make a deposit to your BMO InvestorLine account beforehand.
