CCPs are the norm in exchange-based markets but they have been scarce among surging over-the-counter (OTC) derivatives, notably the gigantic market for credit-default swaps (see chart).

集中交易对手在交易市场中很常见，但在热度高涨的衍生品场外交易市场中却十分罕有，尤其是在信用违约掉期的巨大市场中更是如此(见表)。

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Most bonds are traded in the Over-The-Counter (OTC) market which is made up of Banks and security firms.

大部分债券是通过场外交易(Over - The - Counter, OTC)市场进行交易的。场外交易市场是由银行和证券公司所组成。

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Therefore, one should follow the guidance of doctors and pharmacists when needing to take the over-the-counter (OTC) oral pain medication sold in the market.

所以，对市售的非处方药（OTC）口服止痛药，需服用时也应听从医生和药师的指导。

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Exchanges such as CME Group, Nasdaq OMX and NYSE Euronext are lined up to get a piece of the over-the-counter (OTC) derivatives market as new regulations will require derivatives trading to go through exchanges and be cleared through clearing houses.

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Stocks in the Over-The-Counter market are quoted on systems like the OTC Bulletin Board, an electronic quotation system, and the Pink Sheets, which is not registered as a stock exchange and is named for the color of paper on which its listings of price quotes for companies have historically been printed.

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The CFTC temporarily provides a broad exemption for over-the-counter (OTC) derivatives trading so the market can continue to operate as usual until regulators complete the new rules.

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