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The trading number of the clearing Participating Organization or Member.

Gross profit divided by sales. 

An order from a retail customer of a Participating Organization.

Profit a company makes on goods and services before considering overhead expenses. Gross profit is sales minus cost of sales. 

Investors buy shares from other share holders, and sell shares to other investors. Share price is determined by supply and demand for fund shares (as opposed to Net Asset Value for open-end Funds). 

A GTC order will remain in the system until the date that it is filled or until a maximum of 90 calendar days from date of entry, whichever happens first. This type of order is also referred to as an open order. A Participating Organization can cancel a GTC order at any time.

A real-time message area usually dedicated to a particular topic.

A GTD order will remain in the system until it is either filled or until the date specified, at which time it is automatically cancelled by the system. This is another kind of open order. A Participating Organization can cancel a GTD order at any time.

Any business day on which the clearing corporation is open to effect trade clearing and settlement.

The amount of a company’s shareholder’s equity that exceeds the value of its hard assets.