ACI Operations Certificate Practice Questions - ACI Operations Certificate (ACI Financial Markets Association) Exam

Which of the following characteristics distinguishes over-the-counter (OTC) markets from exchange-traded markets?

OTC trades are always cleared through a central counterparty by law OTC contracts are bilaterally negotiated and customized rather than standardized OTC markets use order-driven central limit order books for all executions OTC transactions have absolutely no credit or counterparty risk

Correct Answer:

OTC contracts are bilaterally negotiated and customized rather than standardized

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