OTC Markets Group, Inc. (OTCQX: OTCM), is a private company that provides services to the U.S. over-the-counter (OTC) securities market including electronic quotations, trading, messaging, and information platforms. According to the U.S. Securities and Exchange Commission (SEC), OTC Markets Group, Inc. is not a stock exchange. The company facilitates the exchange of securities between qualified independent brokers.
The company was first establish...
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OTC Markets Group, Inc. (OTCQX: OTCM), is a private company that provides services to the U.S. over-the-counter (OTC) securities market including electronic quotations, trading, messaging, and information platforms. According to the U.S. Securities and Exchange Commission (SEC), OTC Markets Group, Inc. is not a stock exchange. The company facilitates the exchange of securities between qualified independent brokers.
The company was first established in 1913 as The National Quotation Bureau (NQB). For decades, the NQB reported quotations for both stocks and bonds, publishing the quotations in the paper-based Pink Sheets and Yellow Sheets respectively. The publications got their names from the color of paper they were printed on.
Pink Sheets is not a stock exchange. To be quoted via Pink Sheets, companies do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of foreign issuers, mostly represented by American Depositary Receipts (ADRs)...
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