NEW YORK, April 16, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial marketplaces for 10,000 U.S. and global securities, today announced it has approved StockCross Financial Services Inc., a discount and full service financial brokerage firm and market maker, as a Corporate Broker for OTCQX Banks, a new public marketplace for U.S. community and regional banks.
As a Corporate Broker, StockCross can advise U.S. banks and thrifts on OTCQX Banks and provide access to institutional investors, trading expertise and wealth management services. Banks are required to appoint a Corporate Broker to join OTCQX Banks.
"We are pleased to approve StockCross as a Corporate Broker for banks on our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "As one of the most active broker-dealers supporting bank stocks, StockCross will be a valuable addition to our team of Corporate Brokers and the strength of OTCQX Banks. We look forward to working with StockCross as we build a thriving public market for small banks and thrifts."
"Our StockCross team is honored to be given such an invaluable task of helping advance the OTCQX Banks marketplace. We gladly welcome the opportunity by providing the insight and tools necessary to grow investor confidence together with so many valuable bank and thrift issuers," said Nick DeMaria, Managing Director of Trading at StockCross.
StockCross is one of the largest privately owned brokerage firms in the nation. Established in 1971, the firm offers a full scope of offerings including both equity and fixed-income products, online or broker-assisted trading and ESOS/ESOP programs in 45 countries through advanced online and market making trading capabilities, and is a self-clearing firm focusing on outstanding customer service, and client investment choices. StockCross is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The firm is headquartered in Beverly Hills and has offices nationwide, including a market making and trading hub in the New York City area.
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; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The 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.
SOURCE OTC Markets Group Inc.