Organized and over-the-counter securities exchanges are similar in that they both deal with the trading of securities such as stocks and bonds. However, they are different in many ways. An organized securities exchange is defined as "A securities marketplace where purchasers and sellers regularly gather to trade securities according to the formal rules adopted by the exchange."(www.trading-glossary.com) On the other hand, a security is traded over-the-counter (OTC) if it trades in some context other than a organized exchange. …
