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A false signal which indicates that the price of a stock or index has reversed to an upward trend, but ultimately proves to be false.

An order from a retail customer of a Participating Organization.

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

Stocks that don’t qualify for NASDAQ listing are traded here or by Pink Sheets. Be careful.

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). 

Any day from Monday to Friday, excluding statutory holidays.

The trading number of the clearing Participating Organization or Member.

An investment trust that issues a fixed number of securities that trade on a stock exchange or in the over-the-counter market. Assets of a closed-end fund are professionally managed in accordance with the fund’s investment objective and policies and may be invested in a wide range of financial instruments/assets. Like other publicly traded securities, the market price of closed-end fund securities fluctuates and is determined by supply and demand in the marketplace.

An order from a retail customer of a Participating Organization.

A trust that usually generates cash flows from one business or operating company, unlike an investment fund, which generates income from a diversified pool or portfolio. The trust holds debt and equity interests of an operating business. Businesses that exhibit these characteristics may opt for a trust structure over a corporate structure to take advantage of tax efficiency.