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OTC -- as in 'over the counter' -- continues right ahead with trillions involved and has nothing to do with this shady thingy that took a known acronym for its name. OTC market can't fail because it's done by contractual negotiation between two parties. If one party defaults, then that particular contract is breached and what it covers is at risk. Lehman is a case in point. but even then, in the fall of 2008, one could not make a blanket statement that OTC market is broken or failed.
it is, but in this case, it is very narrowly applied to penny stock. "OTC" covers a very broad universe of everything that is not trading on an exchange which is a wider universe than one that is exchange traded...
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regards,
Ted
OTC -- as in 'over the counter' -- continues right ahead with trillions involved and has nothing to do with this shady thingy that took a known acronym for its name. OTC market can't fail because it's done by contractual negotiation between two parties. If one party defaults, then that particular contract is breached and what it covers is at risk. Lehman is a case in point. but even then, in the fall of 2008, one could not make a blanket statement that OTC market is broken or failed.
"OTC" covers a very broad universe of everything that is not trading on an exchange which is a wider universe than one that is exchange traded...