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InterviewSolution
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What is the OTCEI? |
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Answer» The OTCEI is a company incorporated under the Companies Act, 1956. It was set up to provide email and medium companies access to the capital market for raising finance in a cost-effective manner. It is a fully computerized, transparent, single-window Exchange that commenced trading in 1992. This exchange is established on the lines of NASCAR the OTC exchange in USA. It has been promoted by UTI, ICICI, IOBI, IFCI, LIC, GIC, SBI, capital markets, and Canbank financial services. It is a negotiated market place that exists anywhere as opposed to the auction market place, represented by the activity on a securities exchange. Thus, in the OTC, exchange, trading takes place when a buyer or seller walks up to an OTCEI counter, taps on the computer screen, find quotes and effects a purchase or sale depending on whether the prices meet their target. |
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