Over the Counter (OTC)

RECENT NEWS
The Hindu Business Line  Jul 4  Comment 
Glenmark Pharma today said that the UK drug regulator MHRA has granted final approval to Glenmark Pharmaceuticals Europe for anti-malarial medication ‘Maloff Protect’ as a pharmacy licence in the Uni...
MedPage Today  Jul 3  Comment 
(MedPage Today) -- Performed nearly as well as prescription devices, but not yet legal for sale
Mondo Visione  Jul 3  Comment 
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has launched the industry’s first fully automated Settlement Netting Service to streamline the bilateral...
Mondo Visione  Jun 29  Comment 
The Financial Stability Board (FSB) today published three reports setting out progress on reforms to over-the-counter (OTC) derivatives markets.1 The three reports look at the effectiveness of the reforms and their broader effects since the...
MarketWatch  Jun 28  Comment 
Shares of Fenix Parts Inc. plummeted 64% to a record low in relatively active afternoon trade Wednesday, after the recycler and resaler of automotive products said its stock would be delisted from the Nasdaq starting Thursday because it has been...
Cellular News  Jun 26  Comment 
CASPER, Wyo.andnbsp;Imagination TV, Inc. (OTC PINK: IMTV) is pleased to announce that it has signed an agreement with Textmunication Holdings, Inc. giving Imagination TV rights to sell Short Message Services (SMS) to cannabis related businesses...
Cellular News  Jun 19  Comment 
NEWTON, N.C. 24/7 Kid Doc, Inc. (OTC Pink Sheets: andnbsp; TVMD), a healthcare company providing Telemedicine solutions to public schools at no cost, announced today it has established a second pilot program, this time with the Montgomery County ...
Benzinga  Jun 18  Comment 
When a world champion athlete joins the board of a micro-cap company, it is sure to raise some eyebrows. That is exactly what happened last week following news that world-class swimmer Michael Phelps was joining the executive board of an...




 

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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