The First Crusade (1096-1099 C.E.) was the most successful.
Answer:
a democracy, sorry if I'm wrong
A stock exchange occurs in a centralized location, think Wall Street and the Stock Market. An over-the-counter market does not. Over-the-counter markets are considered less formal compared to exchanges. OTCs are less transparent and operate on fewer rules than exchanges. This can be both good and bad for those involved.