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OTC Markets
The process of purchasing or selling OTC stocks can be different from trading stocks that are listed on the New York Stock Exchange (NYSE) or the Nasdaq. This is because OTC stocks are, by definition, not listed. OTC stocks can be different from trading stocks on NYSE and NASDAQ MAJOR TAKEAWAYS Over-the-counter stocks are known...
A penny stock refers to a small company’s stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or...