The Helsinki Stock Exchange is to commence trading in round lots of one share in order to make trading more convenient.
Until now, the size of a round lot has varied by company between 10 and 2,000 shares. Following this change the current round lots practice will be abandoned.
“Trading in round lots of one share is a European standard, and its adoption on the 25th September 2006 is expected to further increase efficiency,” says a spokeswoman for SEB in Stockholm. “The use of round lot 1 will particularly benefit small investors who trade in smaller quantities as well as making it easier for the investor to buy and sell shares with the desired euro amount.”