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Understanding the Over-the-Counter Market
This article explains the over-the-counter market as a negotiated, not auction, system. It contrasts dealers and brokers, notes about 4,000 connected globally, and highlights price variability, agent versus principal roles, and Merrill Lynch's leading OTC facilities with 400 active securities and instant quotes.
MENTIONED IN THIS ARTICLE
Xerox
IBM
N.Y.S.E
Dravo
Tappan
Eckerd Drugs
Alco Standard
Merrill Lynch
New York