OVER-THE-COUNTER (O.T.C.)


Meaning of OVER-THE-COUNTER (O.T.C.) in English

A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked together by telephones and computer screens. The market is for securities not listed on a stock or bond exchange . The N.A.S.D.A.Q. market is an O.T.C. market for U.S. stocks. Antithesis of listed .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.