NEW YORK, May 25, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX®, OTCQB® and Pink® markets, today announced it has received the award for "Most Innovative Market Data Project (Vendor)" at the 2017 Inside Market Data/Inside Reference Data Awards.
OTC Markets Group won in the category for its OTC Compliance Analytics Product, a comprehensive, quantitative tool designed to help broker-dealers and investment managers automate risk processes and identify opportunities for 20,000 OTCQX, OTCQB, Pink and Grey Market securities.
The Product is comprised of two files: an enhanced Compliance Data File and an Issuer Analytics File. The Compliance Data File provides more than 80 current and historical OTC compliance data points, including current and former Caveat Emptor status, shell and delinquency status. Additionally, it includes security name change history, split history and 30-day price and volume averages.
The Issuer Analytics File provides an overall risk ranking for all OTC equity securities based on a proprietary algorithm which assigns a value to key risk variables. The 16-category scoring system includes: Penny Stock status, Caveat Emptor status, number of corporate name changes, price/volume changes vs. 30-day moving averages, and changes to authorized shares and shares outstanding. The scoring output is flexible, allowing compliance teams to assign their own weightings and priorities based on their firm's individual needs.
"We are honored that our OTC Compliance Analytics Product 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 Analytics Product is another powerful tool to bring greater transparency to the market. By quantifying these compliance data points, the Analytics Product helps broker-dealers, banks and asset managers quickly identify risk. It also helps these firms identify and eliminate the unnecessary restrictions often placed on OTCQX and OTCQB securities."
"On behalf of Inside Market Data and Inside Reference Data, we congratulate OTC Markets on winning the Most Innovative Market Data Project in this year's IMD and IRD awards with its OTC Compliance Analytics Product. This year, this category was extremely competitive, with a wide range of projects and data types. OTC Markets is filling a clear need for compliance tools in the over-the-counter equities space. Beating the other entries demonstrates the importance that end users place on data for compliance purposes. By following up last year's win for Best Real-Time Market Data Initiative with its OTC Compliance Data File product, OTC Markets is establishing itself as the leading source of over-the-counter equities data and compliance tools," says Max Bowie, editor of Inside Market Data and Inside Data Management.
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.
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.
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SOURCE OTC Markets Group Inc.