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 ?
1, 2011 (CENS)--MassMutual Mercuries Life Insurance Co., Ltd., one of Taiwan's leading life insurers, has decided to float stocks on the Emerging Stock Market of the GreTai Securities Market, Taiwan's over-the-counter securities market, sometime in the first half of 2012.
In fact, Tainergy has already been rolled to the Emerging Market and is applying for listing on the Over-the-counter Securities Market.
Taipei, March 1, 2011 (CENS) -- Taiwan's Financial Supervisory Commission (FSC) recently approved to gradually introduce the compulsory telecom voting system during shareholders meetings to listed firms on the Taiwan Stock Exchange (TWSE) and the Over-the-counter Securities Market.
Statistics compiled by the TWSE show six firms launched IPOs, 10-odd firms issued TDRs, as well as those converting from the secondary Over-the-counter Securities Market and issuers of ETFs (exchange traded funds).
At present, China's QDIIs can invest in Taiwan Stock Exchange and Over-the-counter securities markets only, rather than the primary- and secondary-listed stocks of foreign firms.
The company was converted from the GreTai Securities Market, Taiwan's Over-the-counter Securities Market, becoming the 740th public-trading firm on the main board of the TWSE.
Taipei, June 15, 2010 (CENS) -- Prospects generated by the imminent signing of the ECFA (economic cooperation framework agreement) by Taiwan and China has sparked China-bound investments by firms on the Taiwan Stock Exchange (TSEC) and Over-the-counter Securities Market (OTC), with cumulative investment totaling US$30.43 billion at the end of the first quarter and expected to exceed US$31.05 billion by the year-end, according to statistics compiled by the Cabinet-level Financial Supervisory Commission (FSC).

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