Over the Counter (OTC)

RECENT NEWS
Mondo Visione  50 min ago  Comment 
ASIC today released a report detailing the findings of a recent surveillance program and identifying some serious and widespread compliance failures in the retail over-the-counter (OTC) derivatives industry. In recent years, ASIC has made a...
The Hindu Business Line  Jun 17  Comment 
CapitalVia GlobalCipla (Buy)CMP: ₹485.55Target: ₹590Cipla limited is one of the major among Indian Pharma sector with a diversified product portfolio consisting of OTC product, prescription products a...
Mondo Visione  Jun 14  Comment 
Thomson Reuters has expanded its distribution arrangement with OTC Markets Group to include OTC Markets Group’s End-of-Day Pricing Data for OTCQX®, OTCQB® and Pink® securities.  In addition to the Real-Time Level 1 and Level 2 Data that OTC...
Financial Times  Jun 13  Comment 
Fresh capital requirements and futures trading exert pressure for change
Mondo Visione  Jun 9  Comment 
NetOTC, the risk solutions firm that has been designing and building a full end-to-end market infrastructure for non-cleared OTC derivatives in close collaboration with regulatory and industry bodies, banks and their end customers, today announced...
newratings.com  Jun 9  Comment 
WASHINGTON (dpa-AFX) - The U.S. Food and Drug Administration (FDA) has warned consumers about the risk of serious bleeding when using nonprescription, also known as over-the-counter or OTC, aspirin-containing antacid products to treat heartburn,...
The Economic Times  Jun 8  Comment 
Sun Pharma entered the consumer healthcare business with the acquisition of Ranbaxy, which launched Suncros in 2005.
Mondo Visione  Jun 8  Comment 
Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform. These new banks will further enhance the netting...
Mondo Visione  Jun 2  Comment 
Nasdaq, Inc. (Nasdaq:NDAQ) today announced that Nidec Corporation (OTC:NJDCY) (TYO:6594) and Clinuvel Pharmaceuticals Ltd. (OTC:CLVLY) (ASX:CUV) have joined the Nasdaq International Designation program. Through their membership, Nidec and...




 

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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