OTC market maker definition
OTC market maker. ’ means any dealer that holds itself out as being willing to buy from and sell to its customers, or others, in the United States, an NMS stock for its own account on a regular or continuous basis otherwise than on a national securities exchange in amounts of less than block size. See 17 CFR 242.600(b)(52). ‘‘NMS stock’’ means any security or class of securities for which transaction reports are collected, processed, and made available pursuant to an effective transaction reporting plan. See 17 CFR 242.600(b)(47).
Examples of OTC market maker in a sentence
Absent specific instructions from customers, ▇▇▇▇▇▇ routes most orders in over-the counter ("OTC") securities to designated OTC market maker or third-market dealers based on an alphabetical selection process performed by a computerized system.
Absent specific instructions from customers, Apex routes most orders in over-the counter ("OTC") securities to designated OTC market maker or third-market dealers based on an alphabetical selection process performed by a computerized system.