OFEX

AcronymDefinition
OFEXOff Exchange (Over-The-Counter Market established in 1995, Specialising in Smaller Companies)
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JPJ was created in 1991 as a market maker in unlisted and unquoted securities and was also a founder member of both the AIM and Ofex markets.
“The UK is Europe's leading e-retail economy, with sales reaching €81bn in 2011, and with that in mind OFEX's goal is to become the order fulfillment market leader to SME e-commerce businesses for international suppliers looking to bring their offering to the UK and take a share of this market.
"We have seen shares rise from 20p on Ofex to 30p on AIM and today they are around 56p.
The County Durham entrepreneur took a majority stake in Jarrow champagne importer Lovely Bubbly when it floated on the Ofex last December.
CityCarClub, based in Huddersfield, aims to raise pounds 1m by issuing shares on Ofex, the market for small and medium-sized firms.
Rangers are listed in the alternative stock market Ofex but owner David Murray holds around 90 per cent of the shares which were trading last week at 79.5 pence.
Over 57 million pounds 1 shares will be traded on the OFEX exchange.
'AIM's record-breaking performance for Q3 is in stark contrast to the plight of Ofex, whose problems have been self-evident for some time now.
But JP Jenkins, the market maker behind the 1995 formation of the smaller trading facility Ofex,is poised to launch a new trading platform,JPJL, to make it easier to trade in unlisted and unquoted companies such as Liverpool.
Many markets are failing to attract new companies to achieve any critical mass and others have seen a reduction in the average number of companies listed." The outlook for markets such as Gem, Ofex and Sesdaq is bleak.
SHARE trading started on Monday as Intec Business Colleges, which has a regional office in Rugby, was admitted to the Ofex market.
(LAR086) DAVID STEVENSON - SVM OFEX FUND PLC (SVM.L).