What Is the Definition of OTC in the Stock Market?
The over the counter (OTC) market is used for the sale of stocks, bonds, commodities and derivatives that may or may not be listed on major exchanges. The OTC market does not have a central meeting place like an exchange. Rather, it uses people called market makers who are collecting points for stocks who then deal with one another, usually over the computer or phone, to trade the stock, bond or other commodity.
