From: utzoo!decvax!harpo!ihnp4!ihldt!ll1!otuxa!lsk
Newsgroups: net.invest
Title: Re: OTC question
Article-I.D.: otuxa.151
Posted: Fri Nov 19 08:22:23 1982
Received: Sun Nov 21 05:03:17 1982
References: ihps1.121

I will try to talk about the OTC market. OTC means Over the Counter.
I guess the simplest explanation is that is a stock that is not listed
on a regulated exchange, e.g. NY or American stock exchange. Since
these exchanges have various restrictions on companies before they
can be listed, many companies simply cannot (do not want to) meet them.

The market for these stocks is just "open" or "over the counter".
'Typically, a particular brokerage house may agree to "keep a market" in
some OTC stocks. The NASDAQ index keeps track of their prices simply
by people reporting in what was bought and sold and at what price.


Not afraid to not be Louis Rukeheyser (sp?),

Larry S. Kaufman
WECo, NSC, Lisle, Ill