Over the Counter (OTC)

RECENT NEWS
Benzinga  11 hrs ago  Comment 
Fuller, Smith & Turner PLC (OTC: FTUAF) reported a gain in its pretax profit for the full year. The company's pretax profit for the year climbed 7.8 percent to 36.1 million pounds ($55.1 million), compared to GBP33.5 million in the year-ago...
newratings.com  Jun 2  Comment 
BASEL (dpa-AFX) - Perrigo Company plc (PRGO) announced it has entered into an agreement to acquire a portfolio of over-the-counter brands from GlaxoSmithKline Consumer Healthcare, in connection with GSK's commitments to divest these...
OilVoice  Jun 1  Comment 
Endeavour International Corporation OTC ENDRQ LSE ENDV announced today that the Companys Board of Directors has authorized the immediate launch of a marketing process in the U.K. for the sale o
Mondo Visione  May 29  Comment 
KDPW_CCP has cleared the first inter-bank market (OTC) trades denominated in PLN between Citi Handlowy and mBank. Trade on the inter-bank market is processed and guaranteed in the dedicated module, otc_clearing, developed by KDPW_CCP in...
Mondo Visione  May 28  Comment 
ASIC today proposed draft rules to implement mandatory central clearing requirements (clearing requirements) for certain over-the-counter (OTC) derivatives. The proposals are the next stage in Australia meeting its Group of Twenty (G20)...
Mondo Visione  May 22  Comment 
The European Securities and Markets Authority (ESMA) has published an Opinion to the European Union (EU) institutions on the impact of EMIR on UCITS. In the opinion, ESMA calls for a modification of the UCITS Directive to take into account the...
Mondo Visione  May 21  Comment 
 OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes Hang Seng Bank Limited (Hang...
Benzinga  May 21  Comment 
QINETIQ GROUP ADR (OTC: QNTQY) reported an increase in its pretax profit for the full year and lifted its dividend. QinetiQ's profit before tax rose to GBP105.4 million ($163.7 million) for the year, compared to GBP84.0 million in the year-ago...
Benzinga  May 20  Comment 
Marks and Spencer Group Plc (ADR) (OTC: MAKSY) reported a rise in its pretax profit for 2015 and announced a 150 million pound share repurchase program. The retailer reported a pretax profit of GBP600 million for the year, versus GBP580.4...
Benzinga  May 19  Comment 
Greencore Group PLC (ADR) (OTC: GNCGY) reported an increase in its earnings for the 26 weeks ended March 27. Its operating profit jumped to £40.1 million, versus £37.2 million in the year-ago period. Greencore's pretax profit for the half...




 

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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