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labwork [276]
3 years ago
12

One of the major differences between the New York Stock Exchange (NYSE) and the over-the-counter (OTC) markets is that in the NY

SE, designated market markers make markets and floor brokers act as agents for their customers, while in the OTC, dealers make markets and brokers act as agents for their customers.
True

False
Business
1 answer:
kompoz [17]3 years ago
3 0

Answer:

The statement is: True.

Explanation:

There are several differences between trading through a security exchange market and Over-The-Counter (<em>OTC</em>). One of them is that there is a regulator while trading in an exchange market which is merely the exchange such as NYSE or NASDAQ that sends the investors transactions through market makers that are offered by brokers -intermediaries between the market securities and investors. The OTC market does not have regulators. In fact, most securities trading OTC are mostly companies that do not meet major exchange requirements.

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