Over the Counter (OTC)

RECENT NEWS
Mondo Visione  Dec 15  Comment 
Futurisation of OTC Derivatives has been a key topic of conversation at many events and conferences I have attended over the last few weeks on a global level. Indeed, this has been the case for most of the last four years during which I have been...
The Economic Times  Dec 14  Comment 
These are bilateral contracts, traded over the counter, and hence exposed to counter-party risk and the contract price is generally not available in public domain.
Mondo Visione  Dec 12  Comment 
The trading volume of stocks totalled RUB 0.8 trln in November. The average daily trading volume was RUB 40.7 bln, up 17% MoM. The T+2 sector made up 96% of the total secondary market trading volume and the T0 sector accounted for 4%. Volume of...
Benzinga  Dec 10  Comment 
Ashtead Group PLC (OTC: ASHTY) reported a 33% gain in its pretax profit for the second quarter and raised its dividend by 33%. Ashtead reported a quarterly pretax profit of 141.7 million pounds ($220.99 million), compared to GBP110.4 million,...
Benzinga  Dec 4  Comment 
Betfair Group PLC (OTC: BTFRF) reported an increase in its half-year profit. Betfair's pretax profit for the period surged to 67.3 million pounds ($105.3 million), versus GBP31.7 million, in the year-ago period. Its revenue climbed 26% to...
Benzinga  Dec 4  Comment 
DS Smith PLC (OTC: DITHF) reported a 45% rise in its first half pretax profit and lifted its interim dividend. DS Smith's pretax profit for the period surged to 123 million pounds ($192.62 million), compared to GBP85 million, in the year-earlier...
Mondo Visione  Dec 4  Comment 
TriOptima, a leading provider of OTC derivative post trade risk management services, announces today that data connectivity between the DTCC Derivatives Repository Ltd (DDRL) and TriOptima’s triResolve portfolio reconciliation service is live...
Benzinga  Dec 3  Comment 
Sage Group PLC (OTC: SGPYY) reported a gain in its full-year net profit. Sage's full-year net profit jumped to 186.8 million pounds ($292.8 million), or 17.04 pence per share, versus a year-ago profit of GBP46.4 million, or 3.96 pence per...
FiercePharma  Dec 1  Comment 
Selling off OTC businesses is the trend du jour in Big Pharma, but Merck KGaA is not jumping on the bandwagon. The company is planning to hold on to its consumer healthcare unit in a move that could deliver a much-needed boost to its slumping drug...
Mondo Visione  Dec 1  Comment 
Deutsche Bank and BayernLB have executed the first trades on Bloomberg to be cleared via EurexOTC Clear for IRS. The ability to trade and automatically clear EurexOTC Clear for IRS deals makes the execution and processing of these trades...




 

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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