OTC Markets Group Introduces Upgrades to Qaravan Bank Analytics Platform

Rhea-AI Summary

OTC Markets Group Inc. (OTCQX: OTCM) has launched an upgraded version of its Qaravan platform, enhancing analytics for bank executives and regulators. The platform now provides comprehensive data on bank holding companies as well as OTC market data, improving coverage across public and private banking entities. Key features include customizable news feeds, live stock quotes, and historical data on mergers and acquisitions. This upgrade aims to offer a more intuitive user experience, with data formats accessible on OTCMarkets.com, benefiting over 100 OTCQX-traded banks.

Positive

• Launch of upgraded Qaravan platform improves analytics for bank executives and regulators.
• Addition of bank holding company data enhances clarity of financial performance.
• Customizable news feeds and live stock quotes provide a comprehensive user experience.
• Over 100 OTCQX-traded banks gain complimentary access to Qaravan services.

Negative

• None.

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced the launch of its upgraded Qaravan platform, which provides bank executives, regulators, and analysts with a seamless approach to peer monitoring and competitor benchmarking. The upgraded offering now includes bank holding company data to provide clarity around the financial performance of banking entities as well as OTC market data to expand coverage of public banks.

This latest iteration of the platform includes a broader set of information on banking entities, offering more complete coverage across the sector - whether public or private, bank or bank holding company. In addition to bank Call Reports and UBPRs, Qaravan now offers commonly used bank Holding Company reports like Y-6s, Y-9s, and BHCPRs. This enhancement also features a refreshed user interface to make navigating features more intuitive.

"Expanding the universe of analytics and market data available through Qaravan was a critical driver behind this new offering," said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. "The addition of holding company and OTC market data for public banks rounds out Qaravan's product offering to provide a more comprehensive end user experience."

The enhanced Qaravan product will include targeted, customizable news feed options from a wide variety of sources relevant to the banking community, as well as live stock quotes and streaming news. Other features include stock chart capabilities for public banks and holding companies, in-depth corporate structure information, including parent-subsidiary hierarchies and branch office locations, and historical information for all entities covering events such as mergers, acquisitions, and branch openings/closings.

Excel data formats for Call Reports and Bank Holding Company Y-9s, are available on bank disclosure pages on OTCMarkets.com and Canari®.  Complete bank performance data can be found in Qaravan, OTC Markets Group's web-based risk and performance analytics software covering more than 5,000 U.S. Banks. Over 100 OTCQX-traded banks benefit from complimentary access to Qaravan's full suite of services.

For more information about Qaravan, please visit https://www.otcmarkets.com/market-data/qaravan-bank-data.

To contact Qaravan, please call +1 (212) 220-2185 or e-mail qaravan@otcmarkets.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX^® Best Market, the OTCQB^® Venture Market and the Pink^® Open Market for over 11,000 U.S. and global securities.  Through our regulated OTC Link^® Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for their investors.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

 

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SOURCE OTC Markets Group Inc.

FAQ

What enhancements were made to the Qaravan platform by OTC Markets Group (OTCM) in 2021?

The Qaravan platform was upgraded to include bank holding company data, customizable news feeds, stock quotes, and improved analytics for banking entities.

How does the upgraded Qaravan platform benefit OTCQX-traded banks?

Over 100 OTCQX-traded banks receive complimentary access to the full suite of Qaravan's services, improving their data analytics capabilities.

When was the upgraded Qaravan platform launched by OTC Markets Group (OTCM)?

The upgraded Qaravan platform was launched on November 16, 2021.

What types of data does the Qaravan platform provide for banking entities?

The Qaravan platform provides data including Call Reports, Y-6s, Y-9s, BHCPRs, and market data for public banks.

Where can I find more information about the Qaravan platform from OTC Markets Group (OTCM)?

More information about the Qaravan platform can be found at https://www.otcmarkets.com/market-data/qaravan-bank-data.