Secondary (OTC) Market

NASD OTC Securities Exchange provides a secondary market for the listing and trading of the shares of unquoted public securities. Our market is designed to provide shareholders with liquidity, transparency, and topmost market integrity.

Listing on NASD OTC Securities Exchange

Securities of unquoted public companies can be admitted on the NASD OTC Securities Exchange as a:

Company Admission:

Company Admission to the NASD OTC Securities Exchange is an issuer-led activity resulting in the listing of the shares of the company. The company pursuant to the listing agrees to adhere to the rules and admission requirements of the NASD OTC Securities Exchange.

Admitted Companies upon admission will be classified into the Blue or Pink Category depending on its level of compliance with regulatory and NASD PLC reporting requirements. For more details on NASD Securities Categorization, click here

Companies can be introduced for admission through an Issuing House by completing  NASD Form 2 – Company Admission. Further admission requirements can be found here

Security Admission:

Security Admission to the NASD OTC Securities Exchange is an investor-led activity. Investors who have share certificates of public companies not admitted on any other registered Exchange and wishes to trade can introduce the “security for trading” through a Participating Institution.

Also, a Participating Institution (Stockbroker) who wishes to trade a security that is not currently being traded on a registered Exchange, may apply to admit such security to trade.

Securities, through a Participating Institution can be admitted to the NASD OTC Securities Exchange by completing: NASD Form 3- Security Admission. Please find admission requirements here.


Investors seeking to trade on the shares of any company admitted on the NASD OTC Securities Exchange would be required to create an investor trading account with a Stockbroking firm (Participating Institution).

Find the list of Authorised Participating Institutions here. Our trading fees can be found here.

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