Most US Equities Are Exchanged Over the Counter

The share of trading volume occurring off-exchange has increased by about 20% from around 40% in 2020

(Please use a modern browser to see the interactive version of this visualization)

The data for Nasdaq and NYSE combines their various exchanges, except NYSE Texas. Data is from the week of April 21, 2025.

Chart: Investopedia/Peter GrattonSource: CBOE