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Earlier the American Stock Exchange (AMEX) was also a great competitor of the NYSE, but now its been displaced by the Nasdaq. But it is still the third biggest exchange of the U.S. market. It has been bought by the parent of nasdaq called the National Association of Securities Dealers (NASD) in 1998. Amex has now been the target source for small-cap stocks and their derivatives.
Despite being the largest and most prominent hub of stock exchanges, the America is home for only a part of the total investments all around the world. London & Honk Kong represents the other two most significant markets for their respective stock exchanges.
An over-the-counter market generally comprises small public undertakings that are not at par with those of finely regulated markets and includes Nasdaq and over-the-counter bulletin board (OTCBB). The investment in OTCBB should be carefully tracked; otherwise there is a high chance of losing your investment completely, as the OTCBB has no regulatory force at all. If you are really learning something from this tutorial then you should certainly avoid investing in the OTCBB.