Over the counter markets are organized exchanges for trading securities such as the American Stock Exchange.

Name: Over the counter markets are organized exchanges for trading securities such as the American Stock Exchange.
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Over the counter markets (OTC) are not organized exchanges like the American Stock Exchange. OTC trading occurs through a dealer network rather than a centralized exchange. Examples of OTC markets include the NASDAQ and the OTC Bulletin Board.

Over the Counter Markets Are Organized Exchanges for Trading Securities