Over the Counter (OTC)

RECENT NEWS
Benzinga  Mar 24  Comment 
Sweden's Hennes & Mauritz AB (OTC: HNNMY) reported a rise in its profit for the first quarter. Hennes & Mauritz's quarterly net profit climbed 36% to 3.61 billion kronor ($423.2 million), versus a year-ago profit of 2.65 billion kronor....
Financial Times  Mar 23  Comment 
New index shows risky over-the-counter market has gained 53% in 2015
The Hindu Business Line  Mar 20  Comment 
Staff told not to reject cash deposits over the counter
Benzinga  Mar 19  Comment 
Next PLC (OTC: NXGPF) reported an increase in its profit for the full year. Next posted a net profit for the year of 634.9 million pounds ($936.5 million), versus a year-ago profit of GBP553.2 million. Underlying EPS gained 15% to 420 pence....
Benzinga  Mar 18  Comment 
Zara owner Industria de Diseño Textil SA (OTC: IDEXY) reported a 5.2% gain in its net profit last year, The company's net profit for the period rose to EUR2.5 billion ($2.65 billion), versus a year-ago profit of EUR2.38 billion. Inditex's...
Mondo Visione  Mar 15  Comment 
The Egyptian Exchange (EGX) started today, Sunday 15 March, 2015, to work with the second phase of improving the Over The Counter (OTC) market mechanisms, which represents an important step in EGX’ trading system, where investors can put the...
Benzinga  Mar 12  Comment 
For the past year, newspaper headlines have been dominated by stories about the fast-growing market for medicinal and recreational marijuana. Everything from cannabis-themed tech startups to mom-and-pop THC laced bakeries have been on the rise...
Benzinga  Mar 11  Comment 
While consumers still love radio, analysts and investors consider it a highly fragmented industry with low growth. However, Bob Pittman, iHeartMedia Inc (OTC: IHRT) CEO, begs to differ. Pittman was on CNBC Wednesday to discuss why he thinks...
Mondo Visione  Mar 11  Comment 
OTC Global Holdings LP (OTCGH), the leading independent commodities interdealer broker, and Trading Technologies International, Inc. (TT), a global provider of market-leading connectivity and trading solutions for the financial community,...
FiercePharma  Mar 11  Comment 
Bayer has already said it plans to home in on life sciences after it carves out its plastics unit later this year for an IPO or spinoff. So what, exactly, does that mean for its HealthCare division, numbers-wise?




 

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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