OTC Markets Group Executes Enterprise Licensing Agreement with tradeMONSTER™ for Real-Time Level 1 Quotes
NEW YORK, July 8, 2013 /PRNewswire/ -- OTC Markets Group (OTCQX: OTCM) today announced that tradeMONSTER™, an online trading platform for active stock and option traders, is providing real-time Level 1 quotes on OTCQX®, OTCQB® and OTC Pink® securities to all its customers under OTC Markets Group's Level 1+ Broker-Dealer Enterprise License. tradeMONSTER has been providing OTC Markets Group's real-time Level 1 quotes to its subscribers on a per-user basis since March. This new agreement reflects the growing demand for real-time Level 1 data on OTCQX, OTCQB and OTC Pink securities among tradeMONSTER customers.
"We are excited tradeMONSTER has upgraded its license to become an enterprise customer for our real-time Level 1+ quotes," said Matthew Fuchs, Managing Director of Market Data & Strategy at OTC Markets Group. "With this agreement, tradeMONSTER's extensive customer base will have convenient, cost-effective access to real-time data on 10,000 U.S. and global securities, including 1,400 American Depositary Receipts, 1,400 foreign ordinaries, 600 community banks and thousands of high-growth, small-cap companies that provide a universe of attractive investment opportunities."
"We have been pleased with the service we have received since we began offering OTC Markets Group's real-time Level 1 quotes," said Jim Swartwout, President of tradeMONSTER. "We are always looking for additional ways to meet the needs of self-directed investors and the expansion of this service is another step in that process."
OTC Markets Level 1+ (OTCQX, OTCQB, OTC Pink, OTC Bonds) License provides real-time best bid/offer quote prices and size data on OTCQX, OTCQB and OTC Pink equities, OTC Bonds and other securities on OTC Link® ATS, OTC Market Group's SEC registered Alternative Trading System, as well as real-time trade data from negotiated transactions and information on individual securities. For more about OTC Markets Group's Market Data Services, visit http://www.otcmarkets.com/services/market-data/realtime-data/overview.
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 with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. 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 registered ATS.
Rated "Best for Options Traders," tradeMONSTER (www.trademonster.com) is setting a new standard of excellence and innovation in the online brokerage industry. tradeMONSTER was the first online broker to deploy a streaming desktop-like trading experience in a web-browser, featuring professional grade tools in a dynamic and customizable interface combined with integrated investor education, transparent commissions and an extremely knowledgeable and dedicated customer service team. Additionally, tradeMONSTER is offering a groundbreaking mobile experience on all major mobile platforms and devices through tradeMONSTER Mobile. tradeMONSTER's technology team prides itself on constant customer driven innovation and currently has been granted several patents with numerous patents pending for its technology and one-of-kind investment tools embedded on the tradeMONSTER platform. All securities and investments are offered through tradeMONSTER. Member FINRA/SIPC/NFA.
SOURCE OTC Markets Group Inc.