Where s The market? An over-the-counter(OTC) market There is no one market place a Transactions occur in trading rooms by telephone, telex, computer, automated dealing systems Trades must be conducted by authorised dealers(80-90), licensed by the rbaWhere Is The Market? ◼ An over-the-counter (OTC) market. ◼ There is no one market place. ◼ Transactions occur in trading rooms by telephone, telex, computer, automated dealing systems. ◼ Trades must be conducted by authorised dealers (80-90), licensed by the RBA