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Re: RDG013 post# 352246

Sunday, 12/18/2011 12:33:38 PM

Sunday, December 18, 2011 12:33:38 PM

Post# of 729641
Read this regarding exchange or organized market:

http://www.allbusiness.com/glossaries/over-counter-otc/4949106-1.html

If it won't be traded on an exchange or organized market, it will likely be traded on the OTC, aka pink sheets, as it is now. The DS does not say otherwise.
Note: this is my first use of color in 3 years. This is for those to are reading challenged or won't read the DS, sorry.

Over The Counter (OTC) security that is not listed and traded on an organized exchange.

market in which securities transactions are conducted through a telephone and computer network connecting dealers in stocks and bonds, rather than on the floor of an exchange.

Over-the-counter stocks are traditionally those of smaller companies that do not meet the listing requirements of the New York Stock Exchange or the American Stock Exchange. In recent years, however, many companies that qualify for listing have chosen to remain with over-the-counter trading, because they feel that the system of multiple trading by many dealers is preferable to the centralized trading approach of the New York Stock Exchange, where all trading in a stock has to go through the exchange specialist in that stock. The rules of over-the-counter stock trading are written and enforced largely by the National Association of Securities Dealers (NASD) , a self-regulatory group. Prices of over-the-counter stocks are published in daily newspapers, with the National Market System stocks listed separately from the rest of the over-the-counter market. Other over-the-counter markets include those for government and municipal bonds.
See also Nasdaq Stock Market
Dictionary of Business Terms

Source: www.allbusiness.com/glossaries/over-counter-otc/4949106-1.html#ixzz1guN852Iu



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