NEW YORK, May 19, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX®, OTCQB® and Pink® markets for 10,000 U.S. and global securities, today announced it has received the award for "Best Real-time Market Data Initiative (vendor)" in the 2016 Inside Market Data/Inside Reference Data Awards.
OTC Markets Group won in the category for its OTC Compliance Data File, a first-of-its-kind data file designed to help broker-dealers and compliance/risk mitigation teams streamline the process of analyzing and monitoring trading in OTCQX, OTCQB and Pink securities. The file, which is delivered twice daily in pipe delimited format, provides a wide array of trading and compliance data points unique to these securities, including market designation, SEC Penny Stock status and Caveat Emptor status. In addition, the file enables financial institutions to automate trading and compliance processes to efficiently expand the breadth of OTCQX, OTCQB and Pink securities on their platforms.
"We are extremely honored that our OTC Compliance Data File has been recognized in the prestigious IMD/IRD Awards program," said Matthew Fuchs, EVP of Market Data and Strategy at OTC Markets Group. "The Compliance Data File is proving to be a valuable tool for banks, broker-dealers and asset management firms looking to enhance trading algorithms and compliance systems as well as streamline clearing, custody and risk management processes."
"We're glad to see the OTC Markets team recognized for its efforts in this important field," said Max Bowie, Editor of Inside Market Data and Executive Editor of Inside Reference Data. "This is the first time OTC Markets has won an Inside Market Data Award, and with compliance and reporting burdens growing across the industry, it couldn't be a more timely solution. The judges said that with compliance becoming a growing concern, the OTC Compliance Data File is 'compelling,' and 'to the point,' adding that it 'serves multiple constituencies and regulators.' "
Hosted by Inside Market Data, Inside Reference Data and Waters Technology, the Inside Market Data/Inside Reference Data Awards recognize industry excellence within market data, reference data and enterprise data management. Previous winners have included exchanges and leaders in the global market data industry, including Bloomberg, BATS Global Markets, CME Group, FactSet Research Systems, Interactive Data, Markit, NASDAQ, Thomson Reuters, London Stock Exchange, SIX Financial Information and SunGard.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-groups-otc-compliance-data-file-wins-at-2016-inside-market-datainside-reference-data-awards-300271382.html
SOURCE OTC Markets Group Inc.