OTC Markets Newsletter - January 2011
January 2011

Pink OTC Markets Inc. announced this week that it has changed its name to OTC Markets Group Inc. In connection with this change, we’ve introduced a new corporate logo as well as new logos for each of the OTC market tiers: OTCQX, OTCQB, and OTC Pink (formerly Pink Sheets).

"OTC Markets Group" more effectively describes our company’s position as the operator of the largest electronic marketplace for broker-dealers to trade unlisted stocks. In 2010, securities on our OTC Link platform traded $144 billion in dollar volume, making it the 3rd largest equity trading venue after NASDAQ and the New York Stock Exchange. The combined market capitalization of securities traded on our platform is over $10 trillion. Additionally, with 800,000 visits and 24 million page views per month, otcmarkets.com has become the central source for investors interested in unlisted stocks. Pink will always be a part of our history, and we will continue to use it to describe our lowest, speculative market tier. But today, our market is also home to a more investor-friendly group of companies that have chosen the quality-controlled OTCQX tier, as well as our OTCQB tier for reporting companies.

We are committed to continuing our efforts to make the OTC marketplace more open, transparent and connected.

Trade Summary Latest OTC News
  OTC Market Tier # Securities $ Volume Avg. $ Vol.
per Security
OTC QX Icon OTCQX 159 $1,971,091,273 $12,396,800
OTC QB Icon OTCQB 3,851 $3,970,777,887 $1,031,103
OTC Pink Icon OTC Pink Current 1,830 $7,762,691,726 $4,241,908
Pink Limited Icon OTC Pink Limited 749 $339,886,184 $453,787
Pink No Info Icon OTC Pink
No Information
3,375 $207,888,915 $61,597
Bulletin Board Icon Bulletin Board 22 $14,545 $661
  Totals 9,986 $14,252,350,531 $1,427,233

Pink OTC Markets Announces Official Name Change to "OTC Markets Group Inc." (Jan. 18, 2011)

OTC Market Regulation

Quote Access Fees Implemented for OTC stocks
On February 11, 2011, two important new FINRA Rules go into effect for the OTC marketplace. FINRA Rule 6450 allows all OTC Broker/Dealers to charge quote access fees and Rule 6437 requires Broker/Dealers to implement policies to avoid locking or crossing the markets at all times. In response to Rule 6450, OTC Markets Group is developing a Quote Access Payment system, which will allow firms to dynamically manage their quote access fees on a security by security basis and will be fully integrated with the OTC Link platform and data feeds. QAP will provide reporting tools to assist firms in calculating monthly invoices and will eventually offer a clearinghouse netting, billing and collecting service. View FINRA Notice.

Events

Cambridge House Vancouver Resource Investment Conference, January 24, 2011, Vancouver, BC – Daniel Brasier, Director of OTCQX Business Development, will be speaking at a breakfast on the benefits of OTCQX.

IR Magazine Canada Awards 2011, February 2, 2011, Toronto, ON - Daniel Brasier, Director of OTCQX Business Development, will be presenting an award to the Canadian company with the best investor relations outreach in the U.S. for 2010.

OTC QX OTC QB OTC Pink

Eight more companies joined OTCQX® in December, bringing the total number of OTCQX companies to 160.

  • Dec. 15, 2010 - New Guinea Energy Ltd. (NGELY) - Australia - PAL: Madison Williams and Company
  • Dec. 10, 2010 - Strathmore Minerals Corp. (STHJF) - Canada - PAL: Berns & Berns, Counsellors at Law
  • Dec. 9, 2010 - Golden Hope Mines Ltd. (GOLHF) - Canada - PAL: Berenbaum Weinshienk PC
  • Dec. 8, 2010 - Gold Standard Ventures Corp. (GDVXF) - Canada - PAL: Dahlman Rose & Co., LLC
  • Dec. 7, 2010 - Ucore Rare Metals, Inc. (UURAF) - Canada - PAL: Berenbaum Weinshienk PC
  • Dec. 6, 2010 - Creso Exploration Inc. (CRXEF) - Canada - PAL: Hodgson Russ LLP
  • Dec. 3, 2010 - Edgewater Exploration Ltd. (EDWZF) - Canada - PAL: Hodgson Russ LLP
  • Dec. 1, 2010 - Catalyst Copper Corp. (CATXF) - Canada - PAL: SecuritiesLawUSA, PC

A complete list of OTCQX companies is available on www.OTCQX.com.

93.4% of Priced Quotes in all OTC Equities are on OTC Markets Group's OTC Link Platform

The OTCQB™ marketplace continues to gain recognition as the marketplace for Reporting OTC companies. The quality and depth of broker-dealer pricing on the OTC Markets Group's OTC Link platform has increased dramatically thanks to the continued support of the trading community. More and more broker-dealers are choosing to publish all of their priced quotes on the OTC Link, favoring this fully electronic system over FINRA's Bulletin Board. (Data as of January 12, 2011)

  • Number of Priced Quotes in OTC Link: 61,652 (93.4% of all priced quotes in OTC equities)
  • Number of Priced Quotes on FINRA's Bulletin Board: 4,396 (6.6% of all priced quotes in OTC equities)

In conjunction with our name change to OTC Markets Group, the word "Sheets" will be dropped from the description of our OTC Pink lower market tier to reflect the dynamic, real-time nature of the electronic marketplaces we operate.

Companies in our OTC Pink tier will continue to be segmented by the level of disclosure they provide to investors into our three categories: Current, Limited and No Information.

OTC Pink companies that provide disclosure to the marketplace have more liquidity.

Disclosure Tier Avg. $ Vol
per Security
(Dec. 2010)*
Current Information $951,823
Limited Information $274,609
No Information $37,461

*Data for OTC Pink companies following the Alternative Reporting Standard.