NEW YORK, May 20, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial marketplaces for 10,000 U.S. and global securities, today announced it has approved D.A. Davidson & Co., a full-service investment firm, as a Corporate Broker for banks on the OTCQX® marketplace. Crowell, Weedon & Co., a full-service stock brokerage and money management firm and division of D.A. Davidson, has been serving the financial needs of banks in the Western U.S. for more than 80 years.
As a Corporate Broker, D.A. Davidson can advise U.S. banks and thrifts on OTCQX and provide access to institutional investors, trading expertise and wealth management services. Banks are required to appoint a Corporate Broker to join OTCQX.
"We are pleased to welcome D.A. Davidson to our list of approved Corporate Brokers for banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "D.A. Davidson, including its Crowell, Weedon division, is a powerhouse team that will be a tremendous asset to community and regional banks on our OTCQX marketplace. We look forward to working with them and our other approved Corporate Brokers as we build a robust public market for banks."
"We are excited to see that OTC Markets Group recognizes the strength of D.A. Davidson and its division Crowell, Weedon & Co. as an active participant in the stock trading of community banks. We see the value in the Corporate Broker designation and look forward to solidifying our many relationships with community banks," said Michael Natzic, Senior Vice President of the Community Bank Group at Crowell, Weedon & Co.
Founded in 1935, D.A. Davidson is an employee-owned firm that has grown to become the largest full-service investment firm based in the Northwest. It offers financial services and solutions from offices in 23 states, with a focus on key regional markets in the West and Midwest. Besides its Individual Investor Group services, the company provides investment banking, award-winning research, public finance, asset management, financial planning, insurance services and other investment services and products for individual, institutional, corporate and public sector clients.
D.A. Davidson is part of D.A. Davidson Companies, a financial services company known for offering a personalized touch and community commitment combined with a suite of sophisticated investment services.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.