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Prague Stock Exchange

Prague Stock Exchange - The Prague Stock Exchange is the place where financial trades are made in the Czech Republic. Its first exchange opened in 1861; the present Stock Exchange was established in 1992. Only members are allowed to trade on this exchange; usually they are licensed security traders. In September 2008 the Warsaw Stock Exchange tried to take over the Prague Stock Exchange, but they did not succeed. The Vienna Stock Exchange however became a majority stakeholder of the Prague Stock Exchange. When the Czech Republic will accept the Euro as their currency, the trading in Czech Koruna will stop in 2010, in order to be replaced by trading in Euro.

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Definition of the Day Over the Counter

Over the Counter – the term over-the-counter is a security that has not met the requirements of the major exchanges so therefore not listed.  These securities are generally thought of as risky investments because they aren’t listed.  It could also be a very small or unstable fund too, which is...

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