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3 Cards in this Set
- Front
- Back
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What is Over The Counter Market |
It consist of numerous brokers and dealers who are linked by telecommunications equipment that enables them to trade through the country. OTC market conducts transactions in securities not traded on the stock exchange. |
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Types of Transactions OTC handles |
1) Bonds of USA companies 2) Bonds of Federal, State, Local Agencies 3) Open-end investment company shares of mutual funds 4) New Securities Issues 5) Most secondary stock distributions, wether or not they are listed on an exchange. The governing body of the OTC is the National Association Securities Dealer Automated Quotation. |
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Efficient Market Hypothesis |
Strong Version-All public information is instantaneously reflected in securities prices. Semi-strong- All publicly available data are reflected in securitys prices, but private or insider data are not reflected in prices. Weak Form- Current securities prices reflects all recent past price movement data. |
