Over the Counter (OTC)

RECENT NEWS
Benzinga  Feb 5  Comment 
Atea ASA (OTC: ATAZF) reported a gain in its net profit for the fourth quarter and lifted its dividend. The company's quarterly net profit climbed to NOK215.8 million, versus a year-ago profit of NOK198 million. Its revenue surged to NOK7.55...
Benzinga  Feb 4  Comment 
On Tuesday, ZaZZZ unveiled Washington state’s first ever medical marijuana vending machine in Seattle. The company said its pot-dispensing machines are designed to meet the needs of the growing medical marijuana community in Washington, and...
Benzinga  Feb 4  Comment 
Sky PLC (OTC: SKYAY) reported a strong rise in its profit for the six months ended December 31. Sky's net profit for the period climbed to GBP1.09 billion ($1.65 billion), versus a year-ago profit of GBP411 million. Its adjusted revenue...
Benzinga  Feb 3  Comment 
Ocado Group PLC (OTC: OCDGF) posted a profit in the full year. Ocado posted a pretax profit of 7.2 million ($10.8 million) for the year, versus a year-ago loss of GBP12.5 million. Its revenue climbed 20% to GBP948.9 million. The company's...
OilVoice  Feb 2  Comment 
Liquefied Natural Gas Limited ASX LNG OTC ADR LNGLY advises that its wholly owned subsidiary Magnolia LNG LLC MLNG has completed the staffing of it39s senior management team through the ap
Mondo Visione  Jan 29  Comment 
The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 92-401 Derivatives Trading Facilities. The Consultation Paper proposes a framework for regulating facilities that bring together multiple buyers and...
Mondo Visione  Jan 29  Comment 
Two key policy goals of increased clearing and portfolio compression are being met by the derivatives industry, with a recent surge in compression volumes contributing to a decline in publicly reported interest rate derivatives notional...
Mondo Visione  Jan 28  Comment 
The International Organization of Securities Commissions today published the final report Risk Mitigation Standards for Non-centrally Cleared OTC Derivatives, which sets out nine standards aimed at mitigating the risks in the non-centrally cleared...
Benzinga  Jan 28  Comment 
Electrolux AB (OTC: ELUXY) posted a net profit in the fourth quarter. The company posted quarterly net profit of 970 million Swedish kronor ($3.8 billion), versus a year-ago net loss of 987.00 million kronor. However, analysts were expecting a...
Benzinga  Jan 26  Comment 
Tiger Airways Holdings (OTC: TAIRF) posted a net profit for the three months ended December. Tiger Airways swung to a quarterly net profit of 2.2 million Singapore dollars (US$1.64 million), versus a year-ago net loss of S$118.5 million. Its...




 

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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