Over-The-Counter Exchange Of India - OTCEI


DEFINITION of 'Over-The-Counter Exchange Of India - OTCEI'

An electronic stock exchange based in India that is comprised of small- and medium-sized firms looking to gain access to the capital markets. Like electronic exchanges in the U.S. such as the Nasdaq, there is no central place of exchange and all trading is done through electronic networks.

BREAKING DOWN 'Over-The-Counter Exchange Of India - OTCEI'

The first electronic OTC stock exchange in India was established in 1990 to provide investors and companies with an additional way to trade and issue securities. This was the first exchange in India to introduce market makers, which are firms that hold shares in companies and facilitate the trading of securities by buying and selling from other participants.

  1. Security

    A financial instrument that represents an ownership position ...
  2. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context ...
  4. Sensex

    An abbreviation of the Bombay Exchange Sensitive Index (Sensex) ...
  5. Listed Security

    A financial instrument that is traded through an exchange, such ...
  6. Listed

    Being included and traded on a given exchange. Most exchanges ...
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