Otc Markets Quotes

Natural,my ass! The worst poison known to man comes from a tree frog in South America. You cannot imagine how small an amount would be necessary to kill you.and it's natural.Calling something NATURAL is a MEANINGLESS MARKETING PLOY." "All right,calm down! Maybe I like alternative medicine because it's been in use for more than six thousand years.After all that time,they have to know what they're doing." "You mean the wacky idea that somehow in the distant past people had more scientific wisdom than they do today?That's both crazy and counterintuitive.Six thousand years ago people thought thunder was a bunch of gods moving around furniture." -Conversation btw Dr.Jack Stapleton and Vinnie

present, there exists no overarching regulatory framework governing OTC derivatives markets in any major jurisdiction. Provided that certain qualifications are met, 29 OTC derivatives transactions generally reside outside the scope of securities, insurance and other regulatory regimes in the jurisdictions in which they notionally take place.Accordingly, while certain market participants (most notably banks and publicly traded firms) may be subject to, for example, prudential banking requirements30 . and mark-to-market accounting rules31 . which tangentially impact upon their ability to utilise these instruments, OTC derivatives themselves have historically

Take Brooksley Born, former chair of the Commodity Futures Trading Commission (CFTC), who waged an unsuccessful campaign to regulate the multitrillion-dollar derivatives market. Soon after the Clinton administration asked her to take the reins of the CFTC, a regulatory backwater, she became aware of the over-the-counter (OTC) derivatives market, a rapidly expanding and opaque market, which she attempted to regulate. According to a PBS Frontline special: "Her attempts to regulate derivatives ran into fierce resistance from then-Fed Chairman Alan Greenspan, then-Treasury Secretary Robert Rubin, and then-Deputy Treasury Secretary Larry Summers, who prevailed upon Congress to stop Born and limit future regulation." Put more directly by New York Times reporter Timothy O'Brien, "they ... shut her up and shut her down." Mind you, Born was no dummy. She was the first female president of the Stanford Law Review, the first woman to finish at the top of the class, and an expert in commodities and futures. But because a trio of people who were literally en-titled decided they knew what was best for the market, they dismissed her call for regulation, a dismissal that triggered the financial collapse of 2008. To be fair to Greenspan et al., their resistance was not surprising. According to psychologists Hillel Einhorn and Robin Hogarth, "we [as human beings] are prone to search only for confirming evidence, and ignore disconfirming evidence." In the case of Born, it was the '90s, the markets were doing well, and the country was prospering; it's easy to see why the powerful troika rejected her disconfirming views. Throw in the fact that the disconcerting evidence was coming from a "disconfirming" person (i.e., a woman), and they were even more likely to disregard the data. In the aftermath, Arthur Levitt, former chairman of the SEC, said, "If she just would have gotten to know us... maybe it would have gone a different way."12 Born quotes Michael Greenberg, the director of the CFTC under her, as saying, "They say you weren't a team player, but I never saw them issue you a uniform." We like ideas and people that fit into our world-view, but there is tremendous value in finding room for those that don't. According to Paul Carlile and Clayton Christensen, "It is only when an anomaly is identified—an outcome for which a theory can't account that an opportunity to improve theory occurs."13 One of the ways you'll know you are coming up against an anomaly is if you find yourself annoyed, defensive, even dismissive, of a person, or his idea.

So, similarly, there’s another exchange (auction) that sells smaller, cheaper companies. It’s called the Over The Counter Market (OTC). It’s more like the lower priced rocking chair / furniture auction. I'm not knocking the companies that are sold there. They are just much smaller companies, many of which are just getting started. Some of these startup companies can offer incredible profit opportunities if you have good research and pick the right one.

Options and forwards are traded on all kinds of financial instruments, including stocks, bonds, and various market indices. Some are traded on organized exchanges throughout the world. Others are traded only in privately negotiated transactions, called over-the-counter, or OTC. Exchange-traded derivatives are more highly regulated, more liquid, and more dependable than OTC derivatives. To get information about an exchange-traded derivative, you can simply look in the Wall Street Journal or call a broker. In contrast, you might never be able to discover certain information about an OTC derivative unless you worked in the derivatives group at an investment bank.