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NASD OTC diversifies operations

Nigeria’s only licensed Over-The-Counter Exchange, NASD OTC has commenced the diversification of its operations in order to enhance its competitive edge, attract more customers, boost revenue and deliver shareholder value. ....

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Detailed text transcripts for TV channel - MSNBC - 20120401:13:15:00

Over-the-count over-the-count over-the-counter derivatives are something to understand they re financial instruments. their value is based on some underlying asset, corn, an interest rate, or a mortgage-backed security, a bond. they can go up and down in price. are often not traded on exchanges. the way an exchange works is if alexis wants to trade stocks with the congresswoman, they trade through me, i m the new york stock exchange, and at the end of the day, everything is netted out. i conduct all the trades. i make sure everyone has what they want at the end of the day. over-the-counter exchange somewhat is. you call. you make the transaction over the phone or e-mail and no one see as what that price is and also no one knows who owes what to who. the not knowing who knows what to whom is the source of what brought down much of the financial system. it s called party risk. ....

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