NEW YORK, Feb. 24, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced REDI Global Technologies LLC ("REDI"), a newly independent, global trading technology provider, is a new distributor of OTC Markets Group's real-time Level 1 and Level 2 data. REDI's buy- and sell-side customers will now have access to real-time best bid/offer and full depth of book data on OTCQX®, OTCQB® and OTC Pink® securities.
"We are pleased REDI has become a distributor of our real-time Level 1 and Level 2 data," said Matthew Fuchs, Managing Director of Market Data & Strategy at OTC Markets Group. "With this agreement, REDI's broker-dealer customers will have access to comprehensive, timely data on 10,000 U.S. and global securities, including 1,500 ADRs, 1,400 foreign ordinaries, 650-plus community banks and thousands of smaller and growth companies."
"We are excited about REDI's new relationship with OTC Markets Group," said Goutam Nadella, Chief Product Officer of REDI Global Technologies LLC. "By offering OTC Markets Group's feed to our clients, REDI continues to make trading better by empowering our clients with real-time content across a range of products on a single platform."
OTC Markets Group sets the best price standard for OTCQX, OTCQB and OTC Pink securities by broadly distributing its market data through most of the leading data distributors. OTC Markets Group Level 1+ and Level 2+ (OTCQX, OTCQB, OTC Pink, OTC Bonds) Quotes provide investors and market professionals with real-time best bid/best offer and size data and full quote depth for OTCQX, OTCQB, OTC Pink, OTC Bonds and other securities.
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 regulated ATS.
About REDI Global Technologies
With access to 97 percent of the world's equities and derivatives electronic exchanges via broker networks, the REDIPlus® EMS provides a single platform for seamless order routing of equities, futures and options across the Americas, EMEA and Asia-Pacific.
REDI Holdings LLC ("REDI") operates the REDIPlus® Execution Management System, a leading global technology platform offered across the Americas, EMEA and Asia-Pacific through its wholly owned subsidiary, REDI Global Technologies LLC, a registered U.S. broker-dealer and member of FINRA/SIPC, and through REDI's global affiliates outside of the United States. To learn more, visit www.redi.com.
SOURCE OTC Markets Group Inc.