The over-the-counter (OTC) securities market is a/ an

The correct answer is: electronic securities market where securities are bought and sold.

The over-the-counter (OTC) securities market refers to the electronic network where securities are traded directly between two parties, without the involvement of an exchange. This means that the OTC market operates without a physical location and is conducted electronically. Examples of OTC securities include stocks, bonds, and derivatives. While some OTC transactions may involve securities dealers, the market itself is not a physical location for trading securities through dealers.