An over-the-counter market is a network of brokers and dealers, connected electronically, that provides for trading in securities not listed on the physical stock exchanges.

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An over-the-counter market (OTC) is a decentralized marketplace where stocks, bonds, and other financial instruments are traded by dealers and brokers, often electronically. These securities are not listed on a centralized exchange, making them more accessible and flexible, but also riskier than exchange-traded securities.

An Over-The-Counter Market Is a Network of Brokers and Dealers