OTC Markets Group Approves Monroe Financial Partners as Corporate Broker for Banks on OTCQX
NEW YORK, June 9, 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 Monroe Financial Partners, Inc., a boutique investment bank specializing in the financial institutions market, as a Corporate Broker for banks on the OTCQX® marketplace.
As a Corporate Broker, Monroe 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.
"Monroe's nearly 50 year experience serving the financial institutions market and nationwide reach will make it a valuable advisor to banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We look forward to working with Monroe and our other Corporate Brokers as we build a robust public market for community and regional banks and their shareholders."
Monroe is a boutique investment bank which has been serving financial institutions throughout the nation since 1968. Monroe's deep expertise in the financial institutions market includes: a national market-making effort that trades 700 community bank stocks, an experienced investment banking team with over 100 collective years covering financial institutions, an affiliated asset management company that invests in financial service companies, and an affiliated online funding marketplace for financial institutions, (www.QwickRate.com).
The following firms have also been approved to serve as Corporate Brokers for banks on OTCQX: Boenning & Scattergood Inc., D.A. Davidson & Co., FIG Partners LLC, Keefe, Bruyette and Woods, Inc., McAdams Wright Ragen, Inc. and StockCross Financial Services, Inc.
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.