| 释义 |
unlisted securities market
Unlisted Securities Market n (Stock Exchange) a market on the London Stock Exchange, established in 1980 and discontinued in 1996, for trading in shares of smaller companies, who did not wish to comply with the requirements for a full listing. Abbreviation: USM Translationsunlisted securities market
Over-the-Counter MarketDescribing a security or trade that does not occur on an exchange. Very often, the OTC market includes securities that are very small and do not trade on an exchange because they do not meet market capitalization requirements. OTC securities may theoretically be traded informally (one may stand on a street corner and sell his/her stocks), but the term usually refers to securities traded through a dealer network.unlisted securities market (USM) a market for corporate STOCKS and SHARES that have not obtained a full STOCK MARKET listing. See ALTERNATIVE INVESTMENT MARKET.AcronymsSeeUSMThesaurusSeeover-the-counter market |