The Role of Iran's OTC Market in the Expansion of Financial and Trading Innovation in Capital Market

Due to the importance of innovation in the development and improvement of the financial system and economy¡ present research check the development of financial and trading innovation in capital market with emphasis on the role of Iranian OTC market. This study is a descriptive - survey research and examined the viewpoints of the institutional investors and OTC brokers a census by making use of a questionnaire. Results implies that from the perspective of statistical research community¡ Iran''s OTC market with providing structural innovations¡ Play an important role in the trading and more participation in capital market and increase the diversification of financial instruments and portfolio decision regarding to investors prospect and market risk. Also¡ increased the desirability of trading costs and improve the information disclosure Mechanisms in capital market that its considered a good platform for investors and companies for entrance. Furthermore¡ there is no significant difference between institutional investors and brokers visions on the examined variables.