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ASX
See: Australian Stock Exchange
Asymmetric information
Information that is known to some people but not to other people.
Asymmetric taxes
A situation wherein participants in a transaction have different net tax rates.
Asymmetric volatility
Phenomenon that volatility is higher in down market than in up markets
Asymmetry
A lack of equivalence between two things, such as the unequal tax treatment of interest expense and
dividend payments.
At/for
Used in context of general equities. Paramount terms used to differentiate an offering (offer stock at) and bid
(bid for stock), respectively. In an offering, the trading syntax followed is Quantity-at-Price; however, in a bid,
the syntax followed is Price-for-Quantity.
At the bell
Used in context of general equities. At the opening or close.
At the figure
Used in context of general equities. At the whole integer price (excluding the fraction) closest to the side of
the market (bid/ask) being discussed. At the full.
At the full
Used in context of general equities. At the figure.
At-the-money
An option is at-the-money if the strike price of the option is equal to the market price of the underlying
security. For example, if xyz stock is trading at 54, then the xyz 54 option is at-the-money.
At the opening order
Used in context of general equities. Market order or limited price order which is to be executed at the
opening (and corresponding price) of the stock or not at all, and any such order or the portion thereof not so
executed is to be treated as cancelled.
Attribute bias
The tendency of stocks preferred by the dividend discount model to share certain equity attributes such as
low price-earnings ratios, high dividend yield, high book-value ratio or membership in a particular industry
sector.
Auction markets
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