Profitable Trading Opportunities on OTC Markets

Dear Manager,

Meet the Expert: Jeff Mendl

You can join us on TraderTV.Live today at 9:05 AM Eastern as we welcome Jeff Mendl to the show!He’ll be talking about what’s happening on the OTC markets in the moment—so tune in a.s.a.p.!

Jeff Mendl  
 Vice President  
OTC Markets Group  

Have your traders been trading over-the-counter securities lately? If not, here’s why you should take another look at this opportunity…

 

Market Summary: OTC Markets Group

  • New York-based operator of the financial markets OTCQX Best Market, OTCQB Venture Market, and Pink Open Market
  • More than 10,000 listed securities, including 4,800 international securities, 3,400 non-penny stocks, 2,600 SEC reporting companies, and 630 banks
  • Dollar trade volume of more than $1 billion a day
  • OTC Pink, its biggest tier, accounts for about 70% of the above daily trading volume
  • Facilitates electronic trading with its SEC-registered OTC Link service and ATS

The over-the-counter market is made up of multiple decentralized markets which are less transparent and subject to fewer regulations than other markets. Trades are done directly by two participants without publicly disclosing the exact details of the trade, and without the supervision of an exchange. What does that mean? It’s the wild west for the fastest guy on the keyboard. Opportunities abound for the astute traders.

In the US, registered broker-dealers act as market makers using inter-dealer quotation services such as OTC Link and the OTC Bulletin Board (OTCBB). Although stocks quoted on OTCBB must comply with SEC reporting requirements, other OTC stocks have limited or no disclosure requirements. OTC Link has three sub-segments, in order of descending regulatory filing requirement: OTCQB, OTCQX, and OTC Pink. And that makes three off-exchange segments that the savvy lot of you can cash in on.

  • Market Hours: 6:00 AM–5:00 PM Eastern Time
  • Market Extension: PK
  • Trading Mode: Live
  • Asset Class: Equity
  • Currency: US dollar (USD)
  • Entitlements:
    • Head Office will cover OTC Pink entitlements for all DTTW™ offices until end of September
    • Entitlements packages:
      • OTCL1 provides consolidated Level1 and TOS for OTC symbols
      • OTCL2 provides consolidated Level2 for OTC symbols
  • Order Types: Market, Market on Open, Market on Close, Limit, Limit on Open, Limit on Close
  • Gateways: ARCE, AUTO, CSTI, CUTN, DBOT, LINK, MAXM, NITE, OTC, SPDR, SUPR
  • Fees: please see the Fee Table for complete fee information
  • Top Volume Symbols for August 2019:
    • GBTC.PK
    • TCEHY.PK
    • FNMA.PK
    • SFTBY.PK
    • CVSI.PK
    • FMCC.PK
    • NTDOY.PK
    • NPSNY.PK
    • KSHB.PK
    • RHHBY.PK
  • Available Symbols: OTC Pink
  • Shorts: intraday short requests allowed; please see daily short availability file on TIP
  • Trading Sessions:
    • Continuous trading: 6:00 AM – 5:00 PM
  • Good to Know:
    • Securities not listed on exchanges or quoted on OTC markets or OTCBB are considered to be on the gray market

How to Trade

To start trading on the OTC market, you will need to:

  1. Request equity buying power in USD currency for your traders in Metro: Live Processes: Buying Power: US or Metro: TMS Processes: Buying Power: US
  2. Enable the OTCL1 and/or OTCL2 entitlement package for your traders in Metro: Live Processes: Entitlements: US

Take note: Head Office will cover OTC entitlements for all DTTW™ offices until end of September!

  1. Configure Keyboard Setup in PPro8 by selecting the “NCSA” region, the “OTC Pink” market, the gateway of your choice, and the “OTC PINK” destination

Learn More

Want to read more about it? You can check out these resources:

Tune in to TraderTV.Live to hear Jeff Mendl!

(Your traders will thank you)

Regards,

Communications Team

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