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Understanding the over the counter market and Merrill Lynch
The over-the-counter market is a negotiated, not public auction, system for trading unlisted securities. Dealers and brokers coordinate, with Merrill Lynch highlighting its 70 traders in New York and 340,000 miles of private wire to check multiple markets and quote about 400 active OTC stocks for instant executions.
MENTIONED IN THIS ARTICLE
Xerox
IBM
N.Y.S.E
Dravo
Tappan
Eckerd Drugs
Alco Standard
Merrill Lynch
New York