| the purchase and sale of blocks of securities through brokers, sometimes not members of an exchange, who negotiate between buyers and sellers. |
Block Trade
An order/trade submitted for sale or purchase of a large quantity of securities. Also known as "Block Order".
Investopedia Commentary
In general, 10,000 shares of stock (not including penny stocks) or $200,000 worth of bonds would be considered a block trade.
Related Links
Stock Basics Tutorial
Bond Basics Tutorial
Institutional Investors And Fundamentals: What's The Link?
See also: Auction Market, Block House, Bond, Elephants, Iceberg Order, Institutional Investor, Security, Shares
block trade