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Over-the-Counter Market
(redirected from Unlisted Securities Market)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Over-the-Counter Market
Describing a security or trade that does not occur on an exchange. Very often, the OTC market includes securities that are very small and do not trade on an exchange because they do not meet market capitalization requirements. OTC securities may theoretically be traded informally (one may stand on a street corner and sell his/her stocks), but the term usually refers to securities traded through a dealer network.

over-the-counter market (OTC)
A widespread aggregation of dealers who make markets in many different securities. Unlike an exchange on which trading takes place at one physical location, OTC trading occurs through telephone or computer negotiations between buyers and sellers. Although stocks traded over the counter are often more speculative than listed stocks, virtually all government and municipal bonds and most corporate bonds are traded in the OTC market. See also National Quotation Bureau, OTC Bulletin Board, third market.


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AIM has seen 3,000 companies list on it in the 15 years since it was created to replace the Unlisted Securities Market.
CHIEFTAIN'S HISTORY 1979: Incorporated 1988: Floated on now defunct unlisted securities market 1994: Bought Newcastle-based engineer R Blackett Charlton 2004: Floated on Alternative Investment Market (AIM) 2005: Moved into mechanical services 2006: Purchased assets of Stockton valve repair firm Bringover Ltd
Meanwhile, the Unlisted Securities Market, set up in 1981 to trade shares of smaller companies, has been replaced by the Alternative Investment Market.
 
 
 
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