Over the counter markets are organized exchanges for trading securities such as the New York Stock Exchange.

Name: Over the counter markets are organized exchanges for trading securities such as the New York Stock Exchange.
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Over the counter markets (OTC) are not organized exchanges like the NYSE. Instead, they are decentralized markets where securities are traded directly between parties without the involvement of a formal exchange. Examples of OTC markets include the NASDAQ and Pink Sheets.

Over the Counter Markets Are Organized Exchanges for Trading Securities