NEW YORK, May 19, 2015 /PRNewswire/ -- OTC Markets Group Inc. ("OTC Markets Group" or "the Company") (OTCQX: OTCM) today announced it is providing its historical End-of-Day data to Wharton Research Data Services (WRDS) free-of-charge for academic researchers interested in securities traded on the OTCQX® Best, OTCQB® Venture and OTC Pink® Open marketplaces. WRDS, part of the Wharton School of the University of Pennsylvania, is the award-winning, internet-based data research service for over 30,000 users in 33 countries. WRDS provides instant access to over 200 terabytes of data across multiple disciplines including Accounting, Banking, Economics, ESG, Finance, and Statistics.
As a result of this agreement, WRDS' academic subscribers will now have access to historical closing quote, trade and security reference data for the 10,000 securities. Key data points available include: Closing (Last) Bid/Ask Price and Size values which can be used as a more accurate gauge of market interest on illiquid securities; Open, High, Low and Close Trade Data; Share Volume, Dollar Volume and Trade Count. In addition to trade and quote information, the database includes important security attribute information such as marketplace designation and Caveat Emptor status.
"WRDS is one of the most widely used financial data research services around the world, so we are pleased to be providing our historical End-of-Day to their academic subscribers," said Matthew Fuchs, Executive Vice President – Market Data, at OTC Markets Group. "With this agreement, OTC Markets Group hopes to expand the academic research and body of knowledge available on OTCQX, OTCQB and OTC Pink securities, which are among the deepest, most diverse group of securities in the U.S. market today."
"OTC Markets Group's End-of-Day data is an important addition to our data offerings and we're especially glad our academic subscribers will be able to access this data free of charge," said Robert Zarazowski, Managing Director of WRDS. "This dataset gives WRDS's academic subscribers critical new historic information that will undoubtedly advance their research."
OTC Markets Group's Market Data Licensing division is the leading provider of market data, company data and security information on OTCQX, OTCQB and OTC Pink securities to the trading, investment, legal and regulatory communities. The Company's network-based model enables it to provide more comprehensive data and data products to its subscribers, including real-time data, end-of-day data, historical quotation data, company financial data, security master data, corporate reference data and compliance data. OTC Markets Group also provides data through market data redistributors, including Bloomberg, Interactive Data Corporation, and Fidessa.
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.
Wharton Research Data Services (WRDS) is the award-winning research platform and business intelligence tool for over 30,000 corporate, academic, government and nonprofit clients at over 375 institutions in 33 countries. WRDS provides the user with one location to access over 200 terabytes of data across multiple disciplines including Accounting, Banking, Economics, ESG, Finance, and Statistics. Flexible data delivery options include a powerful web query method that reduces research time, the WRDS Cloud for executing research and strategy development, and the WRDS client server using PCSAS, Matlab, Python and R. Our Analytics team, doctoral-level support and rigorous data review and validation give clients the confidence to tailor research within complex databases and create a wide range of reliable data models.
From partnerships with data vendors, to our own tools including the WRDS SEC Analytics Suite and WRDS Quant Alpha Platform — WRDS is the global gold standard in data management and research, all backed by the credibility and leadership of the Wharton School.
About the Wharton School
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The Wharton School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 participants in executive education programs annually and a powerful alumni network of 93,000 graduates. www.whartonwrds.com
SOURCE OTC Markets Group Inc.