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.
Velo3D, Inc. (OTCQX: VLDX), a leader in scalable metal 3D printing technology for production manufacturing, has announced the anticipated commencement of trading on the OTCQX® Best Market under the symbol 'VLDX'. The company previously traded on the New York Stock Exchange.
The OTCQX Best Market provides efficient and cost-effective access to U.S. capital markets for over 12,000 companies. It offers streamlined market requirements designed to reduce costs and complexity for publicly traded companies while ensuring transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Allied Gold Corp. (TSX: AAUC; OTCQX: AAUCF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. Allied Gold, based in Toronto, Canada, begins trading on OTCQX under the symbol 'AAUCF' on September 9, 2024. This upgrade provides transparent trading for U.S. investors and allows the company to utilize its home market reporting to make information available in the U.S.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Peter Marrone, Chairman and CEO of Allied Gold, expressed enthusiasm about the upgrade, stating it will allow a broader set of shareholders to invest while improving trading liquidity and unlocking value. JWTT Inc. acted as the company's OTCQX sponsor.
OTC Markets Group Inc. (OTCQX: OTCM) has announced the integration of EDGAR Online's (EOL) SEC and OTC financials data set into Nasdaq Data Link®, Nasdaq's cloud-based data distribution platform. This move provides subscribers with access to comprehensive financial data for all SEC and OTC reporting issuers. EOL Financial Data will be standardized for seamless integration into firms' processes.
EDGAR Online, a wholly owned subsidiary of OTC Markets Group, offers historical data dating back to 1999 for SEC issuers and 2012 for OTC issuers. The integration enhances accessibility to this unique and comprehensive financials data on a global scale, benefiting the over 900,000 users of Nasdaq Data Link®.
OTC Markets Group Inc. (OTCQX: OTCM) announced that Independence Contract Drilling Inc (OTCQX: ICDI) has qualified to trade on the OTCQX® Best Market. ICDI, a provider of contract drilling services for oil and natural gas producers, previously traded on the New York Stock Exchange. The company's stock began trading on OTCQX on August 29, 2024, under the symbol 'ICDI'.
Trading on the OTCQX Market offers companies efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to reduce costs and complexity while maintaining transparency for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Breeze Holdings Acquisition Corp. (OTCQX: BRZH), a blank check company, has qualified to trade on the OTCQX® Best Market. Breeze Holdings previously traded on NASDAQ. The company's common stock and public warrants began trading on OTCQX under the symbols 'BRZH' and 'BRZHW' respectively on August 21, 2024.
Trading on OTCQX offers companies efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to reduce costs and complexity while ensuring transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws.
OTC Markets Group (OTCQX: OTCM) reported its Q2 2024 financial results, showing modest growth. Gross revenues increased 1% to $27.6 million, while operating income decreased 2% to $8.1 million. Net income fell 3% to $6.7 million, with diluted EPS at $0.56. The company declared a quarterly dividend of $0.18 per share.
Key highlights include:
- OTC Link revenues up 12% due to higher trading volumes
- Market Data Licensing revenues up 1%
- Corporate Services revenues down 3%
- 569 OTCQX and 1,085 OTCQB companies at quarter end
- 114 subscribers to OTC Link ECN, up 10 from previous year
- Announcement of upcoming OTC Overnight trading service
OTC Markets Group Inc. (OTCQX: OTCM) has announced that TC Bancshares, Inc. (OTCQX: TCBC), the holding company for TC Federal Bank, has qualified to trade on the OTCQX® Best Market. TC Bancshares previously traded on NASDAQ and began trading on OTCQX on August 2, 2024, under the symbol 'TCBC'. The OTCQX Market allows U.S. regional and community banks to reduce costs and complexity associated with being a public company through streamlined market standards.
To qualify for OTCQX, banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws. Greg Eiford, CEO of TC Bancshares, expressed enthusiasm about the move, stating that the board believes the transition to OTCQX will benefit both the company and its shareholders.
OTC Markets Group Inc. (OTCQX: OTCM) has announced its upcoming second quarter 2024 earnings release and conference call schedule. The company will report financial results for the quarter ended June 30, 2024, after U.S. market close on Wednesday, August 7, 2024. A conference call and webcast are scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET, where management will provide detailed insights into the financial performance.
Investors and analysts can access the webcast and management presentation via a provided link, with replay available until August 7, 2025. For those wishing to participate in the Q&A session, pre-registration is required to receive dial-in details. The quarterly report, earnings release, call transcript, and management presentation will be accessible on the OTC Markets Group website's Investor Relations section.
OTC Markets Group Inc. (OTCQX: OTCM) has announced the Q2 2024 performance and rebalancing of its OTCQX and OTCQB indexes. The OTCQX Composite Index rose 1%, while the OTCQX Billion+ Index increased 1.1%. The OTCQX Dividend Index gained 0.9%, but the OTCQX Banks Index fell 0.7%. The OTCQX International Index declined 1%, and the OTCQX Canada Index dropped 0.4%. The OTCQX U.S. Index decreased 3.1%, while the OTCQX Cannabis Index saw a significant 23.4% decline. The OTCQB Venture Index fell 6.1%.
Several companies moved to major exchanges, including Solarbank Corp (SUUN) to NASDAQ and Hafnia (HAFN) to NYSE. Index rebalancing occurred with additions and removals across all indexes. The indexes are market capitalization-weighted and adjusted quarterly, with real-time pricing available on OTC Markets Group's website and major financial data platforms.
OTC Markets Group Inc. (OTCQX: OTCM) has announced a new data distribution partnership with uSMART Securities, a Hong Kong-based fintech brokerage firm. This collaboration enables uSMART to distribute OTC Markets Group's L1 and L2 real-time data through their mobile app, providing users with access to real-time Level 1 + top of book quote data for OTCQX®, OTCQB®, and Pink® securities.
This partnership expands OTC Markets Group's presence in the Asian market and enhances their technology capabilities. The collaboration aims to meet the growing demand for OTC equity securities data among uSMART investors in the U.S. and supports OTC Markets Group's mission to provide comprehensive, contextual, real-time, and analytical data on OTCQX, OTCQB, and Pink securities to broker-dealers, compliance, and risk management teams.
FAQ
What is the current stock price of OTC MARKETS GROUP A (OTCM)?
What is the market cap of OTC MARKETS GROUP A (OTCM)?
What does OTC Markets Group Inc. do?
What are the three public markets operated by OTC Markets Group?
How does OTC Markets Group improve trading efficiency?
What recent achievements has OTC Markets Group reported?
What focus areas did OTC Markets Group highlight in Q1 2024?
Where can investors find OTC Markets Group’s financial disclosures?
How does OTC Markets Group support market transparency?
What is the significance of OTCQX Market for companies?
Who can use OTC Markets Group’s trading systems?
How can I learn more about OTC Markets Group?
