OTC

OTC (over-the-counter market).

Completely different from the exchange market, OTC has no fixed place, no prescribed membership, no strictly controllable rules and regulations, no prescribed trading products and restrictions, mainly one-to-one transactions conducted by counterparties through private negotiations.

The more influential OTC markets in the world include the US OTC Securities Market (OTCBB), Pink sheets; UK alternative investment market (AIM); French over-the-counter market (CMF), Paris new market (New Market); over-the-counter market in South Korea and China's interbank bond market etc.

The United States has a huge OTC market, which accounts for about 3/4 of the securities traded in the United States.