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method of buying and selling securities outside the organized stock exchange. Unlike an organized stock exchangestock exchange,
organized market for the trading of stocks and bonds (see bond; stock). Such markets were originally open to all, but at present only members of the owning association may buy and sell directly.
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, the over-the-counter market is composed of dealers who negotiate most transactions by telephone and computer. For the most part, dealers purchase stocks for their own account and sell them to customers at a markup over wholesale prices. Over-the-counter trading represents the single largest securities market in the United States today; it includes almost all U.S. government securities and municipal and corporate bonds, as well as most commercial bank and insurance company stocks. Today, most over-the-counter dealing in the United States is done through an extensive computer network, called the National Association of Securities Dealers Automated Quotations (NASDAQ). In recent years, a number of companies that would be eligible for listing on the New York Stock Exchange have opted to remain in the over-the-counter market. In 1998, NASDAQ trading totalled $5.8 trillion, making it the second largest securities market in the world.
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References in periodicals archive ?
The ACA Automotive Refinish Coalition is undertaking an effort to assist the Northeast Ozone Transport Commission (OTC) states in adopting and implementing a model rule to reduce volatile organic compound (VOC) emissions from refinish coatings.
The new clearing house will complement the trade repository (TR) for OTC derivatives, which was announced today by the Hong Kong Monetary Authority (HKMA), the government division responsible for maintaining monetary and banking stability.
* Zurich Insurance Group (OTC: ZURVY) shares hit a yearly high of $36.82.
Cannabidiol (CBD) and cannabis have been the cynosure of eyes in OTC pain management in the U.S.
Qaravan is part of OTC Market Group's comprehensive Market Data offerings specifically designed to provide intuitive risk and performance analytics tailored to banking and finance industry professionals.
The applicable yield rate under the OTC window will also be decided by the Treasury.
Looking ahead, growth across OTC may run strong given that the number of conditions that non-prescription solutions will be able to address will expand significantly.
In order to ensure that the course's content met the growing needs of the Omani context in line with global industry standards, OTC has benchmarked its programme against international universities offering similar programmes such as the Universities of Manchester and Sheffield Hallam in the UK, Victoria University in Australia and the University of Colorado in the US.
The company had also announced, 'For the purpose of swap ratio, advance subscription money against right issue as appearing on GSK OTC Financial Statement as a cut-off date is assumed to be converted into Ordinary Shares at par value.'
In addition, OTC directly benefitted the advancement of the energy sector by supporting the conference's 13 non-profit sponsoring organizations, and the Houston community.
Vitamins, minerals, and health supplements comprise an essential chunk of the global OTC drug market.