Differences

This shows you the differences between two versions of the page.

--- otcmarkets [2016/05/10 13:26] – [OTC Market] maya
+++ otcmarkets [2023/02/27 12:11] (current) – hammed
@@ Line 1: / Line 1: @@
 ====== OTC Market ======
-OTC stands for Over-The-Counter trading. OTC market are decentralized markets and are less transparent and are subject to less regulations. Trades are often done directly by the two participants without publicly disclosing the exact details of the trade. In the US, registered broker-dealers act as market maker using inter-dealer quotation services such as OTC Link (a service offered by [[ http://www.otcmarkets.com | OTC Markets Group]]) and the OTC Bulletin Board (OTCBB, operated by [[ http://www.finra.org | FINRA]]).
-Many financial instruments are traded on OTC markets, including national, regional or foreign equity issues, warrants, units, American Depository Receipts (ADRs), and Direct Participation Programs (DPPs). Although stock quoted on OTCBB must comply with SEC reporting requirement. Other OTC stocks have limited or no disclosure requirements. OTC Link has three sub-segments, in order of descending regulatory filing requirement are: OTCQB, OTCQX, and OTC Pink. Securities not listed on exchanges or quoted on OTC markets or OTCBB are considered to be on the Grey Market.
+OTC stands for Over-The-Counter trading. The OTC market is a set of decentralized markets which are less transparent and are subject to fewer regulations. Trades are often done directly by the two participants without publicly disclosing the exact details of the trade. In the US, registered broker-dealers act as market maker using inter-dealer quotation services such as OTC Link (a service offered by [[ http://www.otcmarkets.com | OTC Markets Group]]) and the OTC Bulletin Board (OTCBB, operated by [[ http://www.finra.org | FINRA]]).
+Many financial instruments are traded on OTC markets, including national, regional, or foreign equity issues; warrants, units, American Depository Receipts (ADRs), and Direct Participation Programs (DPPs). Although stocks quoted on OTCBB must comply with SEC reporting requirement, other OTC stocks have limited or no disclosure requirements. OTC Link has three sub-segments, in order of descending regulatory filing requirement: OTCQB, OTCQX, and OTC Pink. Securities not listed on exchanges or quoted on OTC markets or OTCBB are considered to be on the Grey Market.
+  * [[ http://www.otcmarkets.com/ | Homepage]]
-[[ http://www.otcmarkets.com/ | Homepage]]\\
-[[ http://www.finra.org/industry/otcbb/otc-bulletin-board-otcbb | Bulletin Board]]\\
 Currency: US Dollar (USD)
+[[https://www.otcmarkets.com/market-hours|Market Hours & Holidays]]
-===== Trading Hours & Calendar =====
-[[ http://www.otcmarkets.com/market-hours | Trading Hours & Holiday Calendar ]]\\
 ===== Trading Summary =====
-Trading OTC quoted symbols are just the same as trading symbols listed on exchanges.
-==== Lit Order-types ====
+Trading OTC-quoted symbols is similar to trading symbols listed on exchanges.
-  * Limit Order
-  * Market Order
-==== Dark Order-types ====
+==== Order Types ====
+**Note:** not all order types are available for every gateway.
-==== Available ATS ====
+  * Limit
+  * Limit-on-Close (LOC) & Limit-on-Open (LOO) Buy/Sell→ShortSell
+  * Market
+  * Market-on-Close (MOC) & Market-on-Open (MOO) Buy/Sell→ShortSell
 ==== Basic Market Rules ====
-  * Lot Size - lot size for securities is 1 share
-  * Tick Size - same as the exchange where the stock is listed
-  * Short Sell is allowed
-For more information about rule on trading on OTC Markets, please see [[ http://www.otcmarkets.com/learn/trading| here ]]\\
-==== Auction Mechanisms ====
-=== Open ===
-=== Close ===
+  * Lot Size: 1 share.
+  * Tick Size: same as the exchange where the stock is listed.
+  * Short Sale Rules: short selling is allowed.
+  * Circuit Breakers: trading on OTC equities may be halted by FINRA as described on the [[https://www.finra.org/rules-guidance/rulebooks/finra-rules/6440-0|6440. Trading and Quotation Halt in OTC Equity Securities]] rule page.
+For more information, see the [[ http://www.otcmarkets.com/learn/trading| Market 101 – Trading ]] page.
 ===== Additional Info =====
 ==== Financial News ====
-[[ http://www.otcmarkets.com/news/otc-news | OTC Market News Release ]]\\
-[[ http://finance.google.com/ | Google Finance ]]\\
+  * [[ http://finance.google.com/ | Google Finance ]]
-[[ http://finance.yahoo.com/ | Yahoo! Finance ]]\\
+  * [[ http://www.otcmarkets.com/news/otc-news | OTC Market News Release ]]
+  * [[ http://finance.yahoo.com/ | Yahoo! Finance ]]
 ==== Market Data ====
-[[ http://otcbb.com/ | OTC Bulletin Board  ]]\\
+  * [[ http://www.otcmarkets.com/market-activity/current-otc-market | OTC Markets ]]
-[[ http://www.otcmarkets.com/market-activity/current-otc-market | OTC Markets ]]\\
 ===== See Also =====
-  * [[market_guides|Market Guides]]
-===== References =====
-http://www.investopedia.com/terms/o/over-the-countermarket.asp\\
+  * [[market_guides|Market Guides]]
-[[ http://en.wikipedia.org/wiki/Over-the-counter_(finance) | ]]\\
-http://en.wikipedia.org/wiki/OTC_Markets_Group\\
-http://otcbb.com/investorinformation/investorinfo.stm\\
-http://www.sec.gov/answers/pink.htm\\
-http://www.otcmarkets.com/learn/trading\\