Last week, more than 900 publicly traded companies made the move from being dually quoted (OTCBB and OTC Link) to listing on OTC Link exclusively. This ongoing mass exodus from the telephone-based quotation platform clearly indicates Market Makers and Broker-Dealers preference for OTC Markets Group’s OTC Link® electronic quotation platform.
Many Issuers previous classified as OTCBB are now being categorized under OTC Markets Group’s middle Tier, “OTCQB.” This Tier requires companies to stay current in reporting obligations, whether a SEC registrant or a Bank. Listing requirements are essentially the same as OTCBB standards.
Currently, 10,000 securities are quoted on OTC Link, representing a collective market cap exceeding $12 trillion. Last year approximately $229 Billion in dollar volume traded in OTC securities. Notably, 95% of all dollar volume traded in 2011 was for companies that disclose financial information.
OTC Markets has helped to create a new electronic order from the chaotic OTC space, in just a few short years after segmenting the market into three distinct tiers based on the level of disclosure and reporting method. It is evident that investors are increasingly drawn to those companies which make the effort to engage markets with the highest quality information.
To learn more about OTC Markets and its superior quotation platform, visit www.OTCMarkets.com
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