Large Trader

A large trader is an investor or organization with trades that are equal to or in excess of certain amounts as specified by the Securities And Exchange Commission (SEC). A large trader is defined by the SEC as a person whose transactions in NMS securities equal or exceed two million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month. Any market participant who is, by definition, a large trader must identify themself to the SEC and submit Form 13H, Large Trader Registration: Information Required of Large Traders Pursuant To Section 13(h) of the Securities Exchange Act of 1934 and Rules Thereunder.