A company's stock does not have to be listed on one of the major stock exchanges in order to trade. It can be traded on _____________.

Question

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Over-the-counter market (OTC) is a decentralized market where stocks that are not listed on major exchanges like NASDAQ, NYSE, or AMEX trade. This includes small-cap and penny stocks, as well as stocks from international markets. OTC trades usually involve broker-dealers negotiating directly with each other without the use of an exchange.

A Company's Stock Does Not Have to Be Listed on One