NEW YORK, May 19, 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 Keefe, Bruyette and Woods, Inc. ("KBW"), a full-service, boutique investment bank and broker-dealer and wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), as a Corporate Broker for OTCQX® Banks, a new public marketplace for U.S. community and regional banks.
As a Corporate Broker, KBW can advise U.S. banks and thrifts on OTCQX Banks and provide access to institutional investors, trading expertise and wealth management services. Banks are required to appoint a Corporate Broker to join OTCQX Banks.
"We are pleased to approve KBW as a Corporate Broker for banks on our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "With more than 50 years' experience providing research, sales, trading, capital raising and advisory support to the financial services sector, KBW will be an excellent addition to our team of Corporate Brokers. We look forward to working with KBW as we build a robust public market for community banks and thrifts."
"KBW fully supports a marketplace for small U.S. banks and thrifts and we are excited to serve as a Corporate Broker. As a leading trader of financial services securities, we look forward to working with OTC Markets to help meet the unique needs of these investors," said John Ragan, Director of Equities at KBW.
KBW is a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector. It operates in North America and Europe, providing institutional & private investors and financial services companies with research, equity sales & trading, capital raising, and strategic advisory services. The firm has built a reputation for excellence in financial services on the basis of its research platform, senior professionals, track record of market innovation, and the strength of its execution capabilities. KBW is a subsidiary of KBW LLC, a Stifel company.
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.