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 Glossary   >   O   >   "OFEX" Definition   

        OFEX

An unregulated over-the-counter market established in 1995 by J.P. Jenkins, a broker specialising in smaller companies, and authorised by the Financial Services Authority.There are around 200 companies listed on OFEX, many of them small, young companies with a high-tech bent. Admission to OFEX is decided by a panel of "wise men" and the only requirement is that companies must publish financial reports twice a year. So the risks are high.Liquidity of OFEX companies is poor as trades are carried out on a matched bargain basis - that is, you can only sell if J.P. Jenkins finds a buyer for your shares - and the bid/offer spreads can be wide. This doesn"t mean you shouldn"t invest in OFEX companies. The market serves a useful purpose. It just means that OFEX is risky.OFEX shares are regarded as "business assets" for CGT purposes in the UK.The OFEX website is www.ofex.com.

OFEX
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OFEX \ An unregulated over-the-counter market established in 1995 by J.P. Jenkins, a broker specialising in smaller companies, and authorised by the Financial Services Authority.There are around 200 companies listed on OFEX, many of them small, young companies with a high-tech bent. Admission to OFEX is decided by a panel of "wise men" and the only requirement is that companies must publish financial reports twice a year. So the risks are high.Liquidity of OFEX companies is poor as trades are carried out on a matched bargain basis - that is, you can only sell if J.P. Jenkins finds a buyer for your shares - and the bid/offer spreads can be wide. This doesn"t mean you shouldn"t invest in OFEX companies. The market serves a useful purpose. It just means that OFEX is risky.OFEX shares are regarded as "business assets" for CGT purposes in the UK.The OFEX website is www.ofex.com.


OFEX / an unregulated over-the-counter market established in 1995 by j.p. jenkins, a broker specialising in smaller companies, and authorised by the financial services authority.there are around 200 companies listed on ofex, many of them small, young companies with a high-tech bent. admission to ofex is decided by a panel of "wise men" and the only requirement is that companies must publish financial reports twice a year. so the risks are high.liquidity of ofex companies is poor as trades are carried out on a matched bargain basis - that is, you can only sell if j.p. jenkins finds a buyer for your shares - and the bid/offer spreads can be wide. this doesn"t mean you shouldn"t invest in ofex companies. the market serves a useful purpose. it just means that ofex is risky.ofex shares are regarded as "business assets" for cgt purposes in the uk.the ofex website is www.ofex.com.