An OTC 101
Traders Magazine, May 2003
If the U.S. stock market was a cherry pie, the over-the-counter market would be one of five slices. There's the New York Stock Exchange; the American Stock Exchange; the regional exchanges; Nasdaq; and the OTC. Technically Nasdaq is part of the OTC, but is generally considered a separate and distinct market - a de facto stock exchange. By most accounts, the OTC is split between two quoting venues: Nasdaq's OTCBB and the Pink Sheets.
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