Code of Ethics
This is a market where shares (or other securities) which are not listed in the main stock exchange are traded. These shares are traditionally those of small companies which do not meet the listing requirements of the exchange. For such transactions, brokers negotiate directly with one another through computer and telephony networks. It is also called off-board trading..
This is a professional who runs and manages a portfolio of securities e.g. shares or bonds for and on behalf of investors..
This means within the day. It is often used to refer to the price movements of a stock within a single trading session. Example; when a stock reaches a new intraday high, it means that it is trading at a new high price, relative of all other prices it has traded at during the day..
This is the value of one share of a mutual fund or unit trust. It is calculated by subtracting any liabilities from the market value of the assets and dividing by the number of outstanding shares..
This is term is generally used to refer to the Nairobi Securities Exchange..