Over the Counter (OTC)

RECENT NEWS
Mondo Visione  Mar 9  Comment 
OpenGamma, a leading provider of OTC market structure solutions, is working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades. The solution will...
Benzinga  Mar 5  Comment 
Betfair Group PLC (OTC: BTFRF) lifted its guidance for fiscal 2015. Betfair's revenue for the third quarter climbed 20% to 114.6 million pounds ($175.5 million), while earnings before tax depreciation and amortization rose 17% to GBP23.6 million...
Benzinga  Mar 3  Comment 
Taylor Wimpey PLC (OTC: TWODY) posted a 53% rise in its pretax profit for the full year. Taylor Wimpey posted a pretax profit of GBP468.8 million, compared to a year-ago profit of GBP306.2 million. Its revenue climbed to GBP2.69 billion from...
Mondo Visione  Mar 2  Comment 
The Securities and Exchange Commission today announced it has suspended trading in 128 inactive penny stock companies to ensure they don’t become a source for pump-and-dump schemes. The trading suspensions are the latest in a microcap...
Benzinga  Feb 27  Comment 
New World Development Co. Ltd. (OTC: NDVLY) reported a 29% rise in its net profit for the July-December period. The Central, Hong Kong-based company's net profit for the period surged to 5.85 billion Hong Kong dollars ($755 million), versus a...
Benzinga  Feb 25  Comment 
Det Norske Oljeselskap ASA (OTC: DETNF) posted a loss for the fourth quarter. Det Norske posted a quarterly net loss of $286.89 million, versus a year-ago net loss of $55.92 million. Its revenue climbed to $344.74 million from $42.32...
Mondo Visione  Feb 25  Comment 
Landesbank Baden-Württemberg (LBBW) has become a further clearing member of EurexOTC Clear for Interest Rate Swaps. By connecting to Eurex Clearing's central counterparty (CCP) for OTC derivatives, the bank is preparing for the clearing...
Mondo Visione  Feb 24  Comment 
The Egyptian Exchange (EGX) announced the launch of the second phase of the (Over – The – Counter) OTC market’ restructuring process to become a fully computerized market by allowing the parties wishing to implement buy and sell of the...
The Economic Times  Feb 24  Comment 
Russia's markets were closed for a public holiday on Monday and the rouble only traded over the counter on thin volume.




 

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.


OTC Stocks

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