OTC Markets Group Issues Statement on OTC Link® ATS Trading on November 7, 2013
NEW YORK, Nov. 7, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) issued the following statement today:
Beginning at 6:00 a.m. ET, OTC Markets Group's OTC Link ATS, our SEC registered alternative trading system, experienced issues connecting to our primary data center location in New Jersey due to a network outage at one of our core network providers. At 9:28 a.m. we announced that we would be halting quoting and messaging on OTC Link ATS. In the best interest of our broker-dealer subscribers, we determined to continue the halt until trading could resume normally.
We worked with our network provider to restore connectivity at approximately 2:00 p.m. ET. We then worked with regulators to reopen OTC Link ATS with quoting restored at 2:45 p.m. ET and full message and trading capability at 3:00 p.m. ET.
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.
SOURCE OTC Markets Group Inc.