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Tip of the Day

Tip of the Day If You Don't Understand How An Investment Works, Don't Buy It

If You Don't Understand How An Investment Works, Don't Buy It - One of the most common mistakes made by people is buying things that they don't understand, and that...

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New Zealand Exchange Limited (NZX)

New Zealand Exchange Limited (NZX) - The New Zealand Exchange Limited (NZX) began life as a regional stock exchange during the Gold Rush of the 1870's. In 1974 these regional exchanges formed one national stock exchange, the New Zealand Stock Exchange (NZSE). On June 24, 1991, NZSE implemented a computerized trading system, and abolished the open outcry market. This computerized system replaced with the FASTER trading system in September 1999. On October 16, 2002 the Member Firms of the New Zealand Stock Exchange voted in favor of demutualization. On December 31, 2002, NZSE became a limited liability company. On May 30.2003, NZX formally changed its name.

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Definition of the Day Employee Stock Ownership Plan

Employee Stock Ownership Plan - an Employee stock ownership plan is a trust by a corporation to its employees. It is a plan to make the employees part owners of the company by allowing them to purchase shares of the company. Contributions are made by the employee to the...

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