February 25, 2021
OTC Markets offered by Day Trade The World™
Dear Manager,
We have added new venues and routing options that allow for greater access to liquidity at very competitive rates, updated our TOS data, and decreased the entitlement package for this market.
There is an opportunity to trade high volume/liquid names you are familiar with that list at the OTC as ADRs, including the following:
- RHHBY.PK → ROG.CH Roche Holding Ltd
- HEINY.PK → HEIN.AS Heineken
- ACBFF.PK → ACB.TO Aurora Cannabis
- TCEHY.PK → 0700.HK Tencent Holdings
OTC Market Price Changes
Effective Wednesday, January 1, 2020, the OTC entitlements prices will change as follows:
| Current Entitlements | New Entitlements (Effective January 1, 2020) | ||||
| Description | Data Provided | Price | Description | Data Provided | Price |
| OTC L1 | Consolidated L1 and TOS for OTC Pink Sheets | $35 USD | OTC L1 | Consolidated L1 and TOS for OTC Pink Sheets | $40 USD |
| OTC L2 | Consolidated L2 for OTC Pink Sheets | $45 USD | OTC L2 | Consolidated L2 for OTC Pink Sheets | $50 USD |
DBOT Gateway
We encourage users to use this new gateway “DBOT” on the OTC markets and take advantage of it’s great fill rates and low gateway fees.
DBOT is a fully automated, auto-execution Alternative Trading System (ATS) that provides an electronic platform for trading Over-the-Counter (OTC) equity securities.
The below destinations are available for this gateway:
- DBOT ATS - Direct access to DBOT, no routing away.
- DBOT SOR - Ping electronic MM’s prior to routing to DBOT as book only, ping Global OTC, and then post at DBOT
- Post GlobalOTC - Direct access to GlobalOTC (ARCE), no routing away
- GlobalOTC SOR - Ping electronic MM’s prior to routing to Global OTC as book only, ping DBOT, and then post at Global OTC
- HighTouch MM - Ping High Touch OTC MM (non-electronic) and wait for execution
- OTC SOR1 - Ping electronic MM’s prior to routing to DBOT and Global OTC as book only, and then spray the balance out to DBOT and Global OTC
- OTC SOR2 - Ping electronic MM’s prior to routing to OTC Markets as book only, ping Global OTC and DBOT, then post at OTC Market
This gateway charges a flat fee of 0.0004 per share per trade.
Internalized Orders
Effective Friday, February 26, 2021, and going forward, we will only reprice potentially incorrect internal matches when they are two cents or more away from the BBO on the OTC markets.
This is due to the nature of the OTC markets, where the lack of NBBO protection can cause orders to match outside the BBO/Level1.
Please take this change into account when trading on the OTC and inform your traders so they are aware as well.
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For more information about this gateway, please refer to their official site and our Order Type Reference Guide.
Please encourage your traders to take this opportunity to trade OTC markets.
Let us know if you have any questions or comments by creating a mojo.
With thanks,
Communications Team
Remember to visit our PPro8 Wiki and Knowledge Base to learn more.
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