The Over-The-Counter Exchange of India (OTCEI) is a stock exchange located in Mumbai, India. It was established in 1992 and is the first stock exchange in India to trade securities through an electronic order book. OTCEI offers trading in a wide range of securities, including equities, bonds, debentures, and warrants.
What is the role of over the counter exchange?
The role of over the counter exchange is to provide a platform for the trading of securities that are not listed on a formal exchange. OTC exchanges are typically used for the trading of less liquid securities, such as those of smaller companies.
OTC exchanges typically have less stringent listing requirements than formal exchanges, and as such, may be more accessible for small and medium-sized enterprises. However, this also means that there is less regulatory oversight of OTC exchanges, which can result in increased risk for investors. Who are the members of OTCEI? OTCEI is the Over-The-Counter Exchange of India, and it is a national stock exchange. It is based in Mumbai, and it was established in 1992. It is a fully integrated exchange, and it offers trading in equities, derivatives, and debt instruments.
Some of the notable members of OTCEI are:
• Bank of Baroda
• Canara Bank
• HDFC Bank
• ICICI Bank
• State Bank of India
• Axis Bank
• Kotak Mahindra Bank
• IndusInd Bank
• Yes Bank
• Punjab National Bank
How do you list on the OTC market?
The OTC market is a market for securities that are not listed on a stock exchange. In order to list on the OTC market, a company must first file a registration statement with the Securities and Exchange Commission (SEC). After the registration statement is filed, the company must then file periodic reports with the SEC. What is an example of the OTC market? An example of the OTC market would be the market for foreign exchange (FOREX). In FOREX, two currencies are traded against each other, and the prices are determined by supply and demand. The FOREX market is not centralized, and trading is done through electronic networks. Who regulates OTC market in India? In India, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) regulate the Over-the-Counter (OTC) market. The Securities and Exchange Board of India (SEBI) is the apex regulator for the securities market in India.