All forex trading is ultimately concluded either through OTC trading or matched trading, both of which meet divergent demands for forex transactions.

OTC交易和集中撮合交易有着各自不同的特点，满足了不同外汇交易的需求。

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Already, though, the distinction between OTC and exchange trading is blurring.

事实上OTC交易和交易所交易的界限已经模糊了。

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Most are unlisted on a major exchange, typically trading on the OTC Bulletin Board, where brokerage costs can be high.

绝大多数未在主要交易所上市，通常在经纪人成本很高的场外交易公告牌市场 进行交易。

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In the early seventies a coterie of market makers operated with minimal capital, many graduated from OTC trading desks.

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We also originated an OTC trading desk for the firm and made markets as well as did institutional trading and directed brokerage.

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As The Wizard of Lies details, in 1962 Madoff was in his early twenties, just starting out as an investment manager trading OTC stocks.

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