The Myanmar Securities Exchange Centre (MSEC), located in Yangon, Myanmar, is one of the two stock exchanges in the country. The exchange, a 50-50 joint venture between the state-owned Myanma Economic Bank and the Daiwa Securities Group, currently lists only two securities, both of which are rarely traded. The over-the-counter (OTC) market remains open despite the Yangon Stock Exchange's arrival in 2015.