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A Brief Explanation of an Over-the-Counter Market | Definition. A over-the-counter market (OTC) refers to a decentralized and informal way of exchanging stocks, derivatives, or other assets between two parties.
OTC is the largest event in the world for the oil and gas industry featuring more than 2,300 exhibitors, and attendees representing 100 countries. Founded in 1969, OTCâs flagship conference is held annually in Houston. OTC has expanded and globally with the Arctic Technology Conference, OTC Brasil, OTC Asia, and d5. OTC is sponsored by 13 nonprofit organizations in the energy industry, who work cooperatively to develop the technical program.