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Over the Counter (OTC)

RECENT NEWS
J&J issue in South Korea reminiscent of OTC problems here
FiercePharma  May 3  Comment 
Drugmakers hope to export their success to emerging markets so they can reap big rewards, but Johnson & Johnson's ($JNJ) Janssen unit appears to have taken a backward approach in South Korea, where it is in hot water over a recall of Children's...
Continental Posts Lower Q1 Profit
Benzinga  May 3  Comment 
Continental AG (OTC: CTTAY) reported a decline in its first-quarter net profit. Continental's quarterly net profit dropped to 441.2 million euros ($575.8 million), versus EUR482.9 million, in the year-ago period. Its earnings per share...
FDA Appeals Plan B Court Order
MedPage Today  May 2  Comment 
(MedPage Today) -- The FDA has appealed a federal judge's ruling ordering the agency to make "Plan B” emergency contraception available over-the-counter (OTC) without an age restriction.
Lundbeck Q1 Net Profit Rises 72%
Benzinga  May 1  Comment 
H. Lundbeck A/S (OTC: HLUYY) posted an increase in its first-quarter net profit. Lundbeck's quarterly net profit jumped 72% to DKK1.07 billion, from DKK620 million, in the year-ago period. Its revenue climbed to DKK4.58 billion from DKK3.78...
Daiwa Securities Posts Higher FQ4 Profit
Benzinga  May 1  Comment 
FDA Lowers Age for OTC Plan B
MedPage Today  Apr 30  Comment 
WASHINGTON (MedPage Today) -- The FDA has approved over-the-counter sale of the emergency contraceptive Plan B One-Step to women and girls as young as 15.
New ECB Survey On Credit Terms And Conditions In 
Euro-Denominated Securities Financing And OTC Derivatives Markets
Mondo Visione  Apr 30  Comment 
The European Central Bank (ECB) is today publishing for the first time a report on the results of a new qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets...
Novartis reverses course on Swiss OTC plant that was to be closed
FiercePharma  Apr 30  Comment 
Novartis is doing a complete U-turn on an OTC plant in Switzerland that 18 months ago was going to get the old heave-ho along with the people who worked there. Now the drugmaker says it will invest €150 million in the facility and anoint it a...
OTC trading reform threatens Asian markets
Financial Times  Apr 30  Comment 
Banking executives and regulators fear that an overhaul of clearing and reporting rules could fracture the region’s derivatives trading
ASX Extends OTC Derivatives Clearing Solution To Include Client Clearing For Australian Investors
Mondo Visione  Apr 30  Comment 
ASX today announces that it plans to extend its new OTC Derivatives Clearing Service to deliver a client clearing solution.  This aims to provide important new risk management controls to Australian investors and asset managers, giving them the...
WGI Holdings, Inc. Reduces the Amount of Shares Issued and Outstanding by Over 88%
Cloud Computing  Apr 26  Comment 
WGI Holdings, Inc. (OTC Pink: WGIH) the board of directors of WGI Holdings have significantly reduced the issued and outstanding shares by getting the majority shareholder to donate back to treasury 20,000,000,000 shares of stock, reducing the...




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 This article describes a stock exchange on which stocks and other securities are traded. View articles referencing this exchange.
 

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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