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Frauds and Scams > Trading Unit
The following information is about Trading Unit.
Trading Unit Defined
Number of shares, bonds, or commodities that is considered the normal unit of trading on an exchange. For stocks, it is usually a round lot (100 shares). For corporate bonds, it is usually $1,000 or $5,000 par value. Commodities do not have a set unit--it varies depending upon the actual commodity.
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