It is a term used within the investment banking industry in defining securities/monetary instruments that are traded internationally by Global Custodians. Those securities would be held in "Global Custody". Chase Bank originated the concept of providing Global Custody trading services for institutional investors trading in foreign markets in 1974. Banks recognized as Global Custodians provide their customers with Global Custody services in respect to securities traded and settled not only in the country in which the Global Custodian is located but also in numerous other countries throughout the world.

Over-the-counter (OTC) trading is to trade financial instruments such as stocks, bonds, or derivatives directly between two parties. It is the opposite of exchange trading which occurs on futures exchanges or stock exchanges.
An over-the-counter (OTC) contract is a bi-lateral contract in which two parties agree on how a particular trade or agreement is to be settled in the future. For derivatives, these agreements are usually governed by an International Swaps and Derivatives Association agreement.
An over-the-counter (OTC) market is a financial market where products are traded over-the-counter.

-->Secondary market is the market where trading is done for securities which are already issued in an initial 
     private or public offering.
-->Bull market is purchase of investing securities in low value.
-->Bear market is where  the prices of shares come down  in the capital market.

Gross profit is credit balance of trading a/c. is the difference between sales revenue and cost of goods sold.

P/E multiple of a company measures how much the share price of company is trading on earning per share out of PAT.

Answer is 420

No, Mutual funds are not permitted to speculate.