1. A financial market where securities, currencies, or derivatives are traded directly between two parties without the use of a centralized exchange
The off-exchange market allows for more flexible pricing and customized contracts compared to regulated exchanges.
O mercado de balcão permite preços mais flexíveis e contratos personalizados em comparação com as bolsas regulamentadas.
2. Also known as over-the-counter (OTC) market, where trades occur through decentralized networks of dealers
Many derivatives are traded in the off-exchange market rather than on organized exchanges.
Muitos derivativos são negociados no mercado de balcão em vez de em bolsas organizadas.