Which of the following is incorrect?

Responses

Transaction costs tend to be higher for OTC options than for listed options

Transaction costs tend to be higher for OTC options than for listed options

OTC derivatives can be tailor made to a customers needs

OTC derivatives can be tailor made to a customers needs

Listed derivatives has low counterparty risk

Listed derivatives has low counterparty risk

Liquidity tends to be higher for OTC options than for listed options