NEW YORK, April 23, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, today announced it has approved Hovde Group, LLC, a leading U.S. investment banking and financial advisory firm focused on the banking and thrift industry, to serve as a Corporate Broker for banks on the OTCQX® Best Marketplace.
As a Corporate Broker, Hovde Group can provide U.S. community and regional banks traded on OTCQX with market making and advisory services. Banks are required to appoint a Corporate Broker to join OTCQX.
"Hovde Group's years of experience serving the banking industry and its success as a leader in bank mergers and acquisitions and capital offerings will make it a valuable advisor to banks on our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We look forward to working with Hovde Group as they join our community of Corporate Brokers that are helping improve the capital and trading markets for community banks on OTCQX."
"We are delighted to join the OTC Markets as a Corporate Broker and support the community banks we have focused on for 20-plus years at Hovde Group," said Hovde Group CEO Steve Hovde. "Our numerous years of experience in investment banking, research and trading can and will help promote the growth of the OTCQX marketplace and bring further transparency to the community bank market for investors."
Hovde Group is a leading U.S. financial advisory group that provides a full-service suite of investment banking, capital markets, and financial advisory services focused exclusively on the banking and thrift industry. As a leading specialist in the banking sector for over 25 years, Hovde Group consistently ranks among the top firms in mergers and acquisitions and capital markets transactions for U.S.-based bank and thrift institutions. The firm's experienced professionals provide clients across all 50 states with the expertise, resources and focus necessary to structure, negotiate and successfully close strategic transactions.
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 inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® 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.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.