Over-the-counter (OTC) trading refers to the process of trading securities for companies that are not listed on a formal exchange. Securities traded over the counter are traded via a broker-dealer network rather than on a centralised exchange.
Every instrument traded over the counter (ticker .OTCMKTS) may have different trading requirements. EXANTE’s standard requirements for the OTC market are as follows:
Manual execution
You can trade OTC instruments only using voice trade via [email protected]. Manual order execution requests will be processed immediately after they are received on our side. Order Submission Format for Manual Trades:
Account ID
Instrument identifier: ISIN or the instrument ticker as shown in the platform
Order size (quantity)
Order side (Buy/Sell)
Order type
Order duration (if applicable).
Minimal amount
Tickers .OTCMKTS can be traded with a minimal amount of 100 shares and a minimum order size of 10,000 USD (not "OR").
For example, if a stock costs $1,000 per share, the minimum order of 100 shares amounts to $100,000, fulfilling both the share and notional value requirements.
We do not provide operations for buying OTC stocks with pricing below 1 USD per share.
Fees
To execute the trade on the .OTCMKTS ticker, you pay:
Manual execution fee: A fixed fee of 90 EUR is charged per manual order.
Exchange-imposed fees: Additional fees mandated by exchanges apply.