OTC: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
Over the counter. As opposed to on {{tag|exchange}}, or {{fcaprov|regulated market}}, or {{fcaprov|MTF}}. It's a quaint old notion that you could pop into your local branch of your investment bank and acquire a derivative contract from a teller, but there it is. | {{g}}Over the counter. As opposed to on {{tag|exchange}}, or {{fcaprov|regulated market}}, or {{fcaprov|MTF}}. It's a quaint old notion that you could pop into your local branch of your investment bank and acquire a derivative contract from a teller, but there it is. | ||
OTC really means a private, bilateral contract, on bespoke terms, in contrast to one that is standardized, public and traded on exchange. | OTC really means a private, bilateral contract, on bespoke terms, in contrast to one that is standardized, public and traded on exchange. |