NEW YORK, June 21, 2012 /PRNewswire/ -- OTC Markets Group (OTCQX: OTCM), the leading source of market data for nearly 10,000 OTC equity securities, announced today that Liquidnet, the global institutional trading network, is now offering OTC Markets' Level 1+ real-time data as it expands into providing equity trading services in OTCQX and OTCQB securities to its Members.
"This important step will make accessing real-time pricing data easier and more cost-effective for institutional investors that use Liquidnet to discreetly find liquidity in OTCQX and OTCQB securities," said Matthew Fuchs, Managing Director of Market Data & Strategy at OTC Markets Group. "Liquidnet's network of over 700 of the world's leading asset managers will be able to execute trades in OTC traded securities, using their institutional platform, at the best price."
Liquidnet connects the world's top asset managers to large-scale equity trading opportunities across the globe in 39 markets across five continents. With an average trade size of approximately 50,000 shares in the US[i], Liquidnet is the leader in large block trading globally.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected financial marketplace platform, delivering price transparency in almost 10,000 OTC securities. The OTC Link® ATS directly links broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded securities into three marketplaces to inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our financial marketplace platform enables smarter trading through any broker at the best possible price, and empowers companies to improve the quality and availability of information for their investors. To learn more about our Open, Transparent and Connected financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
Liquidnet is the global institutional trading network that connects equity investors with the liquidity they need – in size, at any time, from anywhere. We go beyond what the retail market can provide by defending and securing the integrity and the anonymity of the block trade. We do this while continuously looking for ways to bring in new sources of safe, actionable liquidity from asset management firms, exchanges, brokers and corporations. Since we launched in 2001, our ability to anticipate and meet institutional demand has allowed us to extend trading to 39 equity markets across five continents for asset management firms who collectively manage US$12.4 trillion. For more information on the Liquidnet community, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.
[i] In 2011
SOURCE OTC Markets Group Inc.