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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Over-the-counter (OTC).

Securities that trade over-the-counter (OTC) are not listed on an organized stock exchange, such as the New York Stock Exchange (NYSE) or the Nasdaq Stock Market.

Common stocks, corporate, government, and municipal bonds (munis), money market instruments, and other products, such as forward contracts and certain options, may trade OTC.

Generally speaking, the OTC market is a negotiated market conducted between brokers and dealers using telephone and computer networks.

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References in periodicals archive ?
The OTC includes Vermont, Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, the District of Columbia, and Virginia.
The HKMA has committed to working with the government and the domestic regulator, the Securities and Futures Commission, to build a regulatory regime for OTC derivatives markets.
* KONE (OTC: KNYJY) shares set a new yearly high of $29.79 this morning.
Quantitative and qualitative assessment exhort intelligence and overarching report on the OTC pain management-US-July 2019 market.
Terms of the OTC issuance, including settlement and issue date, will be similar to the auctioned securities.
Where the offering of hearing aids represents an entirely new OTC opportunity, there also are growth opportunities across mature self-care categories.
Direct admission to the BSc (Hons) and Diploma programmes without a Foundation Certificate from OTC requires an excellent performance in the college's placement test, a score of 5.5 in IELTS, or an equivalent in TOEFL, as well as an interview.
'We are very pleased with this year's attendance, as it is above our 52,570 attendance average across OTC's 50 editions.
This circumstance has encouraged regulatory bodies to switch many medicines from prescription to OTC category, propelling the U.S.
The OTC allegedly would keep the rest of the money, including the additional $6 that the traveler believed was tax.
In this report, the companies take a look at the impact that an influx of natural products is having on the OTC market