Over the Counter (OTC)

RECENT NEWS
Motley Fool  7 hrs ago  Comment 
Hint: It's a global powerhouse, but it's not the United States.
Benzinga  Jun 27  Comment 
Hedge fund Kerrisdale Capital, which is well-known for its short selling, took the other side of the trade and disclosed two new long positions on Wednesday. In a new report, Kerrisdale said Wednesday that under-the-radar spectrum plays Intelsat...
Clusterstock  Jun 15  Comment 
eToro is a social trading platform that lets retail investors trade stocks, cryptocurrencies, and other assets. CEO Yoni Assia tells Business Insider eToro is now setting up a desk to cater for institutional investors looking to get into...
Clusterstock  Jun 14  Comment 
The blockchain company Paxos has brought on a trading vet to join its itBit OTC desk, Business Insider has learned. Paul Ciavardini is now leading the desk. He says the firm's custody business could help its trading business. Paxos' chief...
Clusterstock  Jun 5  Comment 
Jump Trading, a Chicago-based firm, has built an OTC platform for electronic bitcoin trading, according to people familiar with the matter. Its graphical user interface allows it to trade with counterparties electronically in a way that leaves a...
Benzinga  May 28  Comment 
A consolidation wave is sweeping across the marijuana industry, as companies aim to improve their competitive positioning and market share in an industry which offers a lot a promise. Aurora Cannabis Inc (OTC: ACBFF) recently announced a deal...




 

Over-the-counter (OTC) financial transactions represent all the financial activities that don't take place on an organized market. OTC transactions implies a transaction between financial actors that agree privately on volume and price. No public report is usually made on those transactions. They mostly involve large financial institutions such as investment banks, hedge funds, or blue chip companies.

OTC transactions frequently used on derivative instruments like forward rate agreements, swaps, or forward contracts. OTC contracts have been highly criticized since they imply very little transparency.

The Financial Industry Regulatory Authority (FINRA) regulates brokerdealers that operate in the over-the-counter (OTC) market. On the OTC market you can trade equity securities, corporate bonds, government securities and derivative products. The OTC Bulletin Board (OTCBB) and the Pink Sheets, for example, operate within the OTC market. The Pink Sheets and the OTCBB are quotation services for OTC securities. The Pink Sheets is a privately owned company. Unlike the OTCBB, issuers do not have to file financial reports to the SEC to be quoted.


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