YOU CAN NEGOTIATE PRICES ON THE
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The over-the-counter market is the sector of the
secondary market in securities in which trades are negotiated
directly between buyers and sellers, rather than auctioned as they
are at an exchange. The NASD provides a degree of regulation and
order to the over-the-counter market, and the NASDAQ replaces some
of the immediate market feedback lost through negotiated trading.
Because over-the-counter stocks do not have to meet the stringent
listing requirements of the exchanges, small new companies often
make their debuts here.
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