NEWS
OTC Markets Group Inc. (OTC Markets), a leading financial market operator, has unveiled OTC Overnight, a novel offering facilitating the trading of OTC equity securities from 8 pm to 4 am Eastern Time, Sunday through Thursday.
The launch of OTC Overnight is projected to take place on the OTC Link NQB Alternative Trading System in the second quarter of this year, with the requisite amended Form ATS already in submission. Investors will soon gain access to track and trade various global equity securities during Asian market hours, at the opening of the European market, and throughout the overnight period in the U.S.
In its pursuit to become a global market catering to the diverse needs of investors, broker-dealers, and issuers, OTC Markets aims to expand its overnight trading offerings to encompass a broader array of products and markets.
Matt Fuchs, executive vice president of market data at OTC Markets Group, emphasized, “There is growing demand for extended trading hours from investors, broker-dealers, and other market participants who want access to global markets during their local market trading hours. We are uniquely positioned to help them fulfill this need and unlock more investment opportunities across thousands of stocks around the world.”
Last month, FX Newsroom highlighted OTC Global Holdings’ announcement regarding the provision of advanced solutions for crude and refined products trading.
