Over the Counter (OTC)

RECENT NEWS
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...
Mondo Visione  May 15  Comment 
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today released conclusions on the further consultation on mandatory reporting and related record keeping obligations under the new over-the-counter (OTC)...
Benzinga  May 13  Comment 
AP Moeller Maersk A/S (OTC: AMKBF) reported a 30 percent gain in its net profit for the first quarter and confirmed its outlook for the full year. AP Moeller Maersk's quarterly net profit surged to $1.57 billion, versus a year-ago profit of...
Financial Times  May 12  Comment 
Japanese bank cites regulatory delays and uncertainty for closure of some OTC derivatives clearing
Benzinga  May 12  Comment 
EASYJET PLC (OTC: ESYJY) posted a profit in the six months ended March 31. EasyJet swung to a net profit of GBP5 million ($7.8 million), versus a year-ago loss of GBP41 million. Its revenue gained 3.8 percent to GBP1.8 billion. The airline...
OilVoice  May 11  Comment 
Thursday at the Offshore Technology Conference is traditionally the safety day with sessions and panels bringing together regulators as well as industry professionals to talk about the sometimes un




 

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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