Appendix B
Actively managed mutual funds Open-ended funds that employ a portfolio manger who buys and sells stocks and bonds in an attempt to post a better return than the market. Usually represented by some stock index, such as the S&P 500.
Ask The price at which a market maker is willing to sell the security.
Away from the market A phrase that means the bid or the ask price on a stock is not the best order available at that moment. There are lower bids or higher asks currently available.
Ax A market term for the main market maker for a Nasdaq stock. The market maker is responsible for creating an orderly market for a stock and must be willing to either buy or sell the stock if needed. You usually get the best prices from the ax.

Get The Complete Idiot's Guide to Active Trading now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.