Late Wednesday, the exchange's chief executive announced a deal to merge with Archipelago , the 8-year-old Chicago-based electronic exchange that specializes in over-the-counter, options, exchange traded funds.
Alternatively, our would-be remitter could use the Bitcoin OTC (over-the-counter) exchange and arrange a person-to-person sale based on reputation history.
In anticipation of the new regulations, DB set up a new derivative exchange-clearing unit called Markets Clearing for listed and over-the-counter derivatives for interest rates, foreign exchange, credit, commodities and equities contracts.
Britain is very good at it, leading the world in various financial markets, including foreign exchange and over-the-counter derivatives.
Big exchanges face threats from off-exchange trading and, in Europe, regulation coming into force by 2007 will blur the distinctions between over-the-counter and on-exchange trading.
Under outside pressure, the NYSE also last year repealed Rule 390, which for the first time enabled its member firms to freely trade listed equities over the counter, exposing the exchange to the full brunt of competition from Nasdaq and other venues.
Intercontinental was led by Jeffrey Sprecher, who'd started the exchange as an over-the-counter energy trading system.
Collateralized debt obligations (CDO) and other structured finance products trade over-the-counter rather than on an exchange, at least in the United States.
They are available over-the-counter or on the Toronto Stock Exchange.
Credit default swaps are sold over the counter, are not traded on an exchange and are outside the close scrutiny of regulators.
Energy contracts of CME Group primarily consist of crude oil, natural gas, power and other energy-related exchange-traded contracts and over-the-counter contracts cleared through CME Group ClearPort.
The assistant had told the Securities and Exchange Commission of Thailand that the deal had been made through the country's stock exchange, when it had actually been done over the counter.
London has almost a third of the world's foreign-exchange dealing and over a third of over-the-counter derivatives business.
In addition, FINRA will permit over-the-counter market participants to resume trading only if trading has resumed on at least one exchange.
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None of the shares was going to be traded on a major stock exchange, and the company said there were no assurances that the shares would trade on an over-the-counter market.
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