Unlisted Trading Privileges Rights that give an exchange the ability to trade an unlisted security. Investopedia Says: These privileges are offered to member firms. In order to obtain unlisted trading privileges, the exchange must file an application with the Securities and Exchange Commission (SEC) for approval. Related Terms: Member Firm Over the Counter Bulletin Board - OTCBB Over-The-Counter - OTC Over-The-Counter Market Pink Sheets Securities and Exchange Commission - SEC Unlisted Security |