Over the Counter (OTC)

RECENT NEWS
Mondo Visione  8 hrs ago  Comment 
The Securities and Exchange Commission today announced it has suspended trading in 128 inactive penny stock companies to ensure they don’t become a source for pump-and-dump schemes. The trading suspensions are the latest in a microcap...
Benzinga  Feb 27  Comment 
New World Development Co. Ltd. (OTC: NDVLY) reported a 29% rise in its net profit for the July-December period. The Central, Hong Kong-based company's net profit for the period surged to 5.85 billion Hong Kong dollars ($755 million), versus a...
Benzinga  Feb 25  Comment 
Det Norske Oljeselskap ASA (OTC: DETNF) posted a loss for the fourth quarter. Det Norske posted a quarterly net loss of $286.89 million, versus a year-ago net loss of $55.92 million. Its revenue climbed to $344.74 million from $42.32...
Mondo Visione  Feb 25  Comment 
Landesbank Baden-Württemberg (LBBW) has become a further clearing member of EurexOTC Clear for Interest Rate Swaps. By connecting to Eurex Clearing's central counterparty (CCP) for OTC derivatives, the bank is preparing for the clearing...
Mondo Visione  Feb 24  Comment 
The Egyptian Exchange (EGX) announced the launch of the second phase of the (Over – The – Counter) OTC market’ restructuring process to become a fully computerized market by allowing the parties wishing to implement buy and sell of the...
The Economic Times  Feb 24  Comment 
Russia's markets were closed for a public holiday on Monday and the rouble only traded over the counter on thin volume.
Benzinga  Feb 24  Comment 
Provident Financial PLC (OTC: FPLPY) reported a gain its profit for 2014 and raised its total dividend by 15.3%. Provident Financial posted statutory pretax profit of 224.6 million pounds ($345.8 million) for the year, up from GBP182.4 million,...
Mondo Visione  Feb 20  Comment 
Traiana, the leading provider of pre trade risk and post trade processing solutions, announces today that its CCP Connect for Equities service has won Markets Media’s Best New Clearing Product award at the annual Market Choice Awards on 19...
Mondo Visione  Feb 13  Comment 
ASIC has amended the ASIC Derivative Transaction Rules (Reporting) 2013 (derivative transaction rules (reporting)) following industry consultation and feedback on Consultation Paper 221 OTC Derivatives Reform: Proposed amendments to the ASIC...




 

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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