Welcome to our dedicated page for OTC MARKETS GROUP A news (Ticker: OTCM), a resource for investors and traders seeking the latest updates and insights on OTC MARKETS GROUP A stock.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Their data-driven disclosure standards form the foundation of their three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Through their OTC Link® Alternative Trading Systems (ATSs), the company provides critical market infrastructure relied upon by broker-dealers to facilitate trading. This innovative model offers companies more efficient access to the U.S. financial markets.
OTC Markets Group is committed to enhancing market transparency, boosting investor confidence, and improving the efficiency of trading processes. Their recent financial results for Q1 2024 reflect a strong focus on enhancing trading functionality, investor information, and market integrity. The company continues to invest in its people, platforms, and processes to build a more resilient and scalable organization, aligning operating costs with revenue generation to deliver value to shareholders.
Recent achievements include the successful sponsorship of companies like Horizon Copper and Roth CH Acquisition Co., which have commenced trading on the OTCQX Market. These companies benefit from streamlined market standards that allow them to utilize their home market reporting to make their information available to U.S. investors. OTC Markets Group also supports companies, such as Marpai, Inc. and American Oncology Network, Inc., transitioning from Nasdaq to OTCQX, ensuring continued visibility and compliance with high financial standards.
With a focus on creating better informed and more efficient markets, OTC Markets Group continues to evolve and expand its services, building on a foundation of transparency and regulatory compliance. For more information, visit www.otcmarkets.com.
OTC Markets Group has announced that Rigel Resource Acquisition Corp (OTCQX: RRACF) has qualified to trade its Class A Ordinary Shares on the OTCQX® Best Market, upgrading from the Pink® market. The company begins trading under the symbol 'RRACF'. The OTCQX Market provides a premium U.S. public trading platform for investor-focused companies, requiring them to meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance. OTC Markets Group operates regulated markets for trading 12,000 U.S. and international securities.
Mongolian Mining (HKX: 975; OTCQX: MOGLF), Mongolia's largest producer and exporter of high-quality washed hard coking coal, has upgraded from the Pink® market to the OTCQX® Best Market. The company began trading on OTCQX under the symbol 'MOGLF' on December 11, 2024. This upgrade represents a significant milestone for the company, providing enhanced transparency for U.S. investors through the OTC Markets Group platform.
As an OTCQX-listed company, Mongolian Mining meets high financial standards and corporate governance requirements while leveraging their home market reporting to make information available to U.S. investors. CEO Battsengel Gotov highlighted this move as strategic for expanding their international presence and strengthening connections with U.S.-based investors.
OTC Markets Group announced that Grayscale Basic Attention Token Trust (GBAT) has qualified to trade on the OTCQX® Best Market, upgrading from the OTCQB® Venture Market. Trading will commence under the symbol 'GBAT'. The trust provides investors exposure to Basic Attention Token (BAT) through a security format, eliminating direct cryptocurrency handling challenges.
The OTCQX Market serves as a premium U.S. public trading platform for investor-focused companies. To qualify, companies must meet strict financial standards, follow best practice corporate governance, and comply with securities laws. This upgrade represents a significant milestone for GBAT's visibility among U.S. investors.
OTC Markets Group announced that City of London Investment Group PLC has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The company, listed on LSE (CLIG) and now trading under OTCQX symbol 'CLIUF', is a U.K. based asset management company. The upgrade provides transparent trading for U.S. investors with access to financial disclosure and Real-Time Level 2 quotes on otcmarkets.com. CEO Tom Griffith highlighted that this move aims to expand their U.S. shareholder base, increase market liquidity, and strengthen their U.S. market presence.
OTC Markets Group (OTCQX: OTCM) has launched MOON ATS™, a new overnight trading platform for National Market System (NMS) securities. The platform enables trading of exchange-listed securities during overnight hours from 8 PM to 4 AM Eastern Time, Sunday to Thursday. This makes OTC Markets one of the first ATS operators offering overnight trading for both OTC equity and exchange-listed NMS securities.
The platform specifically caters to APAC investors, allowing them to trade U.S. securities during their local daytime hours (8 AM to 4 PM UTC+8, Monday to Friday). The launch responds to increasing demand for U.S. dollar-priced global securities during overnight sessions, aiming to enhance market accessibility and transparency globally.
SWEDENCARE AB, a premium pet healthcare products company, has upgraded from Pink® market to trade on the OTCQX® Best Market under the symbol 'SWDCF'. The company, which develops products for cats, dogs, and horses, already trades on Nasdaq OMX Nordic Exchange Stockholm. This upgrade provides transparent trading access for U.S. investors through streamlined market standards. Swedencare generates 75% of its group sales in North America through brands like NaturVet® and Pet MD®. The move aims to facilitate investment access for both U.S. professional and retail investors.
OTC Markets Group announced that Online Vacation Center Holdings Corp. (OTCQX: ONVC) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The company, which operates a portfolio of travel companies, begins trading under the symbol 'ONVC'. The OTCQX Market provides a premium U.S. public market for investor-focused companies that meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance. CEO Stephen Rudner emphasized their commitment to financial transparency and liquidity for shareholders through this upgrade.
OTC Markets Group reported its Q3 2024 financial results with modest growth. Gross revenues reached $27.4 million, up 1% year-over-year, while operating income increased 1% to $8.6 million. Net income grew 1% to $7.4 million, with diluted EPS remaining steady at $0.61. The company announced a special dividend of $1.50 per share and a quarterly dividend of $0.18 per share. Notable developments include the launch of OTC Overnight for overnight trading and plans to transform Pink Current into OTCID - a basic reporting market. OTC Link revenues increased 16%, while Market Data Licensing and Corporate Services saw slight decreases of 1% and 2% respectively.
OTC Markets Group announced that Corero Network Security plc, a leading DDoS protection solutions provider, has upgraded from OTCQB to the OTCQX Best Market. The company begins trading under the symbol DDOSF. This upgrade marks a significant milestone, demonstrating Corero's compliance with high financial standards and best practice corporate governance. The OTCQX Market is designed for established, investor-focused companies, enabling them to build visibility among U.S. investors.
OTC Markets Group announced that Brazilian Rare Earths (ASX: BRE; OTCQX: BRETF, BRELY) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The Australian exploration and mining company begins trading under the symbols 'BRETF, BRELY'. The upgrade provides transparent trading for U.S. investors, with the company meeting high financial standards and corporate governance requirements. Viriathus Capital served as the company's advisor for the upgrade, which aims to enhance visibility and liquidity while broadening their investor base.
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