|
Feature |
On-Market Transaction |
Off-Market Transaction |
|
Where it happens |
Stock exchange platform |
Outside exchange, directly between parties |
|
Price |
Market-determined |
Mutually agreed |
|
Settlement |
Through clearing house & depository |
Direct transfer through depository or delivery instruction slip |
|
Regulation |
SEBI-regulated |
SEBI regulated, but not on exchange |