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Over the Counter (OTC)

RECENT NEWS
SSE Posts Higher Full-Year Profit, Lifts Dividend
Benzinga  May 22  Comment 
SSE PLC (OTC: SSEZY) posted a rise in its full-year headline profits. SSE's headline profit for the period surged to 1.41 billion pounds ($2.14 billion). It also lifted its dividend by 5.1%. SSE's adjusted profit before tax rose 5.6% to...
Matrade mission to OTC generates RM5.5b
Business Times - Malaysia  May 21  Comment 
The Malaysia External Trade Development Corporation (Matrade) mission to the Offshore Technology Conference (OTC)2013 in Texas, the US, generated RM5.5 billion in projects and product sales. The Malaysian delegation comprised 29 oil and gas...
Caixin Online: Excitement over new China stock market board
MarketWatch  May 21  Comment 
The State Council, China’s Cabinet, wants to expand the over-the-counter market, and securities brokers see a wealth of opportunities from high-tech startups to small and medium enterprises.
Tingyi Q1 Profit Drops 47%
Benzinga  May 20  Comment 
China's Tingyi (Cayman Islands) Holding (OTC: TCYMY) reported a 47% drop in its first-quarter profit. Tingyi's quarterly net profit fell to $104.9 million, versus a restated $199.5 million, in the year-ago period. However, analysts were...
US in compromise on derivatives trade rules
Financial Times  May 16  Comment 
Rules for trading on Swap Execution Facilities, seen as a way to reform OTC derivatives without forcing them on to an exchange, have been watered down
Statement Of CFTC Commissioner Mark P. Wetjen Before Open Meeting To Consider Trade Execution - Anti-Disruptive Trading Practices Guidance
Mondo Visione  May 16  Comment 
Today’s releases promise to fundamentally restructure the over-the-counter markets (“OTC”) for swap trading, and increase pre-trade transparency and participation for many that were previously unable to access or compete for liquidity in the...
Bug off
The Hindu Business Line  May 16  Comment 
Piramal Enterprises’ OTC Division has launched Jungle Magic Banditz, a toy-cum-mosquito repellent for children aged 5 to 11. They are wrist bands which contain natural ‘citronella essence’ and are...
GMX Resources provides updated reserves and other information
OilVoice  May 14  Comment 
GMX RESOURCES INC. OTC MarketsGMXRQ is an oil and gas exploration and production Company with assets in the Williston Basin Denver Julesburg quotDJquot Basin and East Texas Basin. The Com
HyperSolar's Research Results Published by American Chemical Society
Benzinga  May 14  Comment 
HyperSolar (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced that an overview of its patent pending technology using solar powered...
Petrobras ends its participation in OTC with session on subsea technology
OilVoice  May 10  Comment 
On Thursday May 9 Petrobras ended its participation in the Offshore Technology Conference OTC in Houston USA with a technical session on subsea technology systems. In addition to the ongoing p




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 This article describes a stock exchange on which stocks and other securities are traded. View articles referencing this exchange.
 

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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