noun
over-the-counter market; OTC market
A financial market where stocks are traded directly between parties, not through a centralized exchange. In Japan, this term historically referred to the JASDAQ market before its integration into the Tokyo Stock Exchange.
店頭株市場で取引される銘柄は、上場企業に比べて流動性が低いことが多い。
Stocks traded on the over-the-counter market often have lower liquidity compared to listed companies.
かつての店頭株市場は、現在の東証スタンダード市場に統合された。
The former over-the-counter market has been integrated into the current Tokyo Stock Exchange Standard Market.
Compound of 店頭 (over-the-counter) + 株 (stock) + 市場 (market). A straightforward financial term with no obscure historical derivation.