Trading & Market Structure

Over-the-Counter Market

Definition

What is Over-the-Counter Market?

A decentralised market where participants trade directly or through dealers rather than on a central exchange.

Example in practice

Many corporate bonds trade over the counter.

Keep learning

The highest price a buyer is currently willing to pay for a security.

The lowest price a seller is currently willing to accept for a security.

The difference between the best available buying and selling prices.

An instruction to buy or sell immediately at the best available prices.

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