Final answer:
4th market transactions, or the OTC market, take place directly between buyers and sellers and are open 24/7. They act solely as a platform for direct negotiation.
Step-by-step explanation:
4th market transactions, also known as the OTC (Over-the-Counter) market, take place directly between buyers and sellers outside of formal exchange platforms like the stock exchange.
These transactions can happen in various ways, such as through telephone or electronic communication networks. They are open 24 hours a day, 365 days a year, allowing participants to trade whenever they choose.
4th market transactions act solely as a platform for buyers and sellers to interact and negotiate directly, without the need for an intermediary or broker.