Over-the-counter (OTC) refers to the process of how securities are traded for companies that are not listed on a formal exchange. Securities that are traded over-the-counter are traded via a broker-dealer network as opposed to 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 firstname.lastname@example.org
- The minimum trade value is 10,000 USD or an equivalent
- The minimum amount of shares is 100
Note! You have to meet both minimum value and amount requirements in each case.
Example: If a share costs 1,000$, you need to purchase 100 shares at the rate of 1,000$. If a share costs 0.10$, you should purchase 100,000 shares to meet the requirement.
To execute the trade, you pay a standard exchange-imposed fee. We’ll calculate the total order placement cost once you make your voice trade request.