KUALA LUMPUR, May 21 (Bernama) -- OTC Markets Group Inc has introduced OTC Overnight, a new offering that will make over-the-counter (OTC) equity securities available for trading Sunday through Thursday.
According to a statement, active securities across the OTC market tiers will be eligible for trading in an overnight session by broker-dealer subscribers in United States (US) dollars.
“We have seen an increased demand from investors, broker-dealers, and other market participants looking to access the largest financial centre in the world in their respective time zones.
“We are uniquely positioned to make this possible and create new levels of opportunity for thousands of global equities,” said OTC Markets Group Executive Vice President of Market Data, Matt Fuchs.
OTC Markets expects the new offering to be available in the second quarter of this year on the OTC Link NQB Alternative Trading System.
This will allow investors to track and trade thousands of global equity securities during Asian market hours, at European market open and overnight in the US.
As more clients connect to the platform and demand for overnight trading grows, OTC Markets Group plans to expand the offering to additional securities within its network.
The company continues to actively take steps establishing itself as a global market that meets the needs of investors, broker-dealers and issuers at all levels.
OTC Markets Group is an operator of regulated financial markets for 12,000 US and global securities. Its innovative model offers companies more efficient access to the US financial markets.
-- BERNAMA
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