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Username: BobM Rating:  Asked to: Dara Madee Date Created: 18 Jul 2018 |
| Category | 28 |
| Tag | Financial |
| Question | Please give the definition of 'Off Board'. |
|
Hi BobM, A stock transaction that fits one of the following two criteria: 1. A stock trade involving a security that does not trade on a major exchange, i.e., an over-the-counter (OTC) stock. 2. A stock trade involving a stock that is listed on a major exchange but is still executed over the counter, typically between two institutions or an institution and a customer. This type of off-board trade can be done only with 19c3 securities, or stocks that listed on the exchange after 1979. |
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