What Is the New York Stock Exchange (NYSE)? The New York Stock Exchange (NYSE) is a stock exchange located in New York City that is the largest equities-based exchange in the world, based on the total market capitalization of its listed securities. Formerly run as a private organization, the NYSE became a public entity on
What Is NYSE Arca? NYSE Arca is an electronic securities exchange in the U.S. on which exchange-traded products (ETPs) and equities are listed. The exchange specializes in ETP listings, which include exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded vehicles (ETVs). In addition to placing typical orders, NYSE Arca allows investors and traders to participate in opening
What Is the NYSE Composite Index? The NYSE Composite Index measures the performance of all common stocks listed on the New York Stock Exchange, including American Depositary Receipts issued by foreign companies, Real Estate Investment Trusts, and tracking stocks. The weights of the index constituents are calculated on the basis of their free-float market capitalization.
What Is the New Zealand Stock Exchange (NZX)? The New Zealand Stock Exchange (NZX)—also known as New Zealand’s Exchange—is the national stock exchange for New Zealand. The New Zealand Stock Exchange (NZX), based in Wellington, consists of the NZX Main Board, the NZX Debt Market, the NZX Dairy Derivatives, the NZX Equity Derivatives, and the
What is a Non-Open Market? Non-open market describes an agreement to purchase or sell shares made directly with the company. Non-open market transactions do not take place on a market exchange like most purchase and sale transactions. These are private transactions and can include insider buying. While these transactions occur outside of the traditional market
What Are Ordinary and Necessary Expenses (O & NE)? Ordinary and necessary expenses are expenses incurred by individuals as the cost of owning a business or carrying on a trade. “Ordinary and necessary” expenses are categorized as such for income tax purposes, and these expenses are generally considered tax deductible in the year they are incurred. These
What Does OAPEC Mean? The Organization of Arab Petroleum Exporting Countries (OAPEC) is an inter-governmental organization based in Kuwait. OAPEC fosters cooperation among its 11-member Arab oil-exporting nations. Understanding OAPEC OAPEC was established in 1968 by Kuwait, Libya, and Saudi Arabia. Its other members include Algeria, Bahrain, Egypt, Iraq, Qatar, Syria, Tunisia, and the United Arab Emirates. Although
What Is the Old-Age, Survivors, and Disability Insurance (OASDI) Program? The Old Age, Survivors, and Disability Insurance (OASDI) program is the official name for Social Security income in the United States. The federal OASDI tax noted on your paycheck funds this comprehensive federal benefits program that provides benefits to retired adults and people with disabilities—and to
What Is the Obelisk Consensus Algorithm? Obelisk is a blockchain consensus algorithm used by the Skycoin ecosystem, designed to eliminate the shortcomings of proof-of-work (PoW) and proof-of-stake (PoS) algorithms. According to its creators, Obelisk also reduces the need for mining, significantly improves transaction speed, and delivers enhanced security. Key Takeaways Obelisk is the proprietary blockchain
What Is Obligatory Reinsurance? Obligatory reinsurance is a treaty that requires an insurer to automatically send all policies on its books that fall within a set list of criteria to a reinsurer. Under the terms of an obligatory reinsurance agreement, also called an automatic treaty, the reinsurer is obliged to accept these policies. Understanding Obligatory
