Final answer:
OTC stands for Over-The-Counter, representing securities traded outside of formal exchanges.
The NASDAQ is the large OTC market for stocks, distinguishing itself as an electronic market without a physical trading floor.
It is one of the two major stock markets alongside the NYSE.
Step-by-step explanation:
OTC stands for Over-The-Counter, which refers to securities traded in a context that is outside of a formal exchange such as the NYSE or AMEX.
The large OTC market for stocks is known as the NASDAQ, which is an electronic stock market where trades are conducted via a network of computers rather than on a physical trading floor.
Two major stock markets are the New York Stock Exchange (NYSE) and the NASDAQ. Regional stock exchanges exist in various cities like Chicago and Philadelphia, serving smaller or newer companies not listed on the major exchanges. Globally, there are many stock exchanges such as those in Hong Kong, Sydney, Frankfurt, and Tokyo.
Trades on these global markets can continue even after the U.S. markets have closed thanks to technology.
OTC stands for Over-The-Counter, representing securities traded outside of formal exchanges.
The NASDAQ is the large OTC market for stocks, distinguishing itself as an electronic market without a physical trading floor. It is one of the two major stock markets alongside the NYSE.