Markets
Exchanges Up Competition for Small Growth Listings
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Exchanges are wooing smaller companies to generate listing activity, with hopes they’ll do well enough to later graduate to a larger market.
Growth Capitalist (https://growthcapitalist.com/tag/otc-markets/page/2/)
Exchanges are wooing smaller companies to generate listing activity, with hopes they’ll do well enough to later graduate to a larger market.
The total dollar volume of stocks traded on OTC Markets Group’s (OTCM) listing platforms declined last year, although volume on its top listing tier, the OTCQX, rose. The total value of shares listed on all three of OTC Markets’ platforms, the OTCQX, the OTCQB and Pink Open Markets, declined to $196.2 billion in 2015 from $238.4 billion the year before, the company disclosed in a report of its 2015 trading statistics. As of Dec. 31, there were 9,850 securities listed on OTC Markets’ platforms, down 0.6% from a year earlier. OTC Markets is the main platform for quotations and trading of stocks that are not listed on the NASDAQ or New York Stock Exchange.
Six months after listing on the OTCQX, the average stock’s trading volume rises by 53%, according to a study commissioned by OTC Markets Group. (OTCM).
OTC Markets Group, operator of the main U.S. listing service for shares that don’t trade on the Nasdaq or New York Stock Exchange, is raising the standards that companies must meet to list on its highest tier.