over-the-counter market

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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

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.
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 market (OTC)

a MARKET for corporate SHARES which have not obtained a full listing on the main STOCK MARKET. The UK's OTC market was abolished in 1992. See ALTERNATIVE INVESTMENT MARKET.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Pursuant to the acquisition, OTC Markets Group will integrate Qaravan's core assets, which include proprietary technology solutions and buy-side analytics tools.
Among the local banks to have sold green bonds on the OTC market are Hua Nan Commercial Bank, E.
Contact them for a copy of their Reverse Merger & S1 registration or Form 10 Public Listing Costs and Deliverables and their current OTC Markets public company shell inventory or visit their new corporate site @ www.alchemyotcmarketsspecialists.com
At the same time, BAP said that the petitioners failed to show the extent of the impact of the OTC Rules on the "competition" in the operation of an OTC market for government securities.
Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group.
"If you take the view that firms that do stuff on the OTC/physical markets and hedge on the futures markets, you would think there would be at least an equivalent OTC market to the futures markets, plus any proprietary and speculative interest," said one senior executive at a US investment bank.
"At one time, companies gained a certain amount of prestige among investors by moving their listings from the OTC market to the American Stock Exchange or to the New York Stock Exchange," says Pierre Dunagan, account executive at Dean Witter Reynolds in Matteson, Ill.
The OTC market is facing an uphill battle against other stock markets such as Mothers in the Tokyo Stock Exchange.
International Resource News-April 3, 2012--Endeavour Mining Corporation joins OTC Markets Group Inc(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
The latest arrangement transferred the broader powers to check whether would-be corporate entrants into the OTC market are qualified to go public as well as the power to supervise buy and sell orders, it said.
Jasdaq Market Services is currently owned nearly 20% by the associations and engages in partial management of the OTC market for it.
International Resource News-March 26, 2012--Latin Resources Limited joins OTC Markets Group Inc(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk