OTC Markets Newsletter
OTC Markets Group News           NOVEMBER 2015
OTC Link ATS is Now a Regulation SCI Entity!

The SEC's Regulation System Compliance Integrity, or Regulation SCI, became effective on November 3, 2015. The new SEC rule is designed to improve the resilience of U.S. public markets with improved regulatory standards and required processes regarding the technology operations of critical financial services firms, known as "SCI entities."

The SEC defines SCI entities as those that are significant in the operation and maintenance of fair and orderly markets. These include national securities exchanges, the Financial Industry Regulatory Authority (FINRA), securities information processors (SIPs), clearing agencies, and significant Alternative Trading Systems, including our OTC Link® ATS. The regulation applies to the specific technology systems of the SCI entities that directly support trading, clearance and settlement, order routing, market data, market regulation, and market surveillance.

SCI entities are required to implement reasonably designed written policies and procedures, with specific required elements, to ensure that such systems are capable in maintaining operational capabilities and availability to minimize disruptions to the secondary trading markets. Regulation SCI also requires SCI entities comply with regulatory notification and reporting requirements, as well as mandatory testing obligations.

We support the SEC's overall goals of promoting the capacity, integrity, resiliency, availability and security of the technology systems critical to the U.S. financial markets. The systems covered under Regulation SCI are extremely complex, and by their nature may be subject to unexpected events. No rule or regulation can prevent all technical issues, however Regulation SCI is intended to promote safe technology practices throughout our industry.

Providing reliability and uptime to broker-dealer subscribers is a top priority as we build more transparent and better trusted public trading markets. We are proud of our team's efforts over the past two years to improve the stability, integrity and scalability of our technology platform. We are optimistic that Regulation SCI will succeed in its goals of helping to reduce the frequency and/or severity of technology-based market disruptions throughout the industry.
[photo] Maggie Chou, OTC Markets Group AVP, moderated a panel discussion with David Sorin, Partner, and Joseph Bartlett, Special Counsel for law firm McCarter & English, LLP; Alex Castelli, Managing Partner for accounting firm CohnReznick, LLC; and Scott Andersen, General Counsel for FundAmerica. The speakers addressed practical issues and applications of Reg A+ and provided guidance on how private companies can leverage Reg A+ to finance and grow their businesses.

View the video from our October event.
In October, we launched the OTCQX Video Series, featuring interviews with senior executives of OTCQX companies. View the first videos in the series and watch for more exciting conversations next month.


Barry Silbert, Creator of Grayscale’s Bitcoin Investment Trust (OTCQX: GBTC) and Jason Paltrowitz, OTC Markets Group EVP

Jerry Flum, CEO of CreditRiskMonitor.com (OTCQX: CRMZ) and Bob Power, OTC Markets Group VP

[photo]Get to Know Your Community: Terry Trexler,
President and CEO of Nobility Homes, Inc.

This month, we speak with Terry Trexler, President and CEO of OTCQX company Nobility Homes, Inc. (OTCQX: NOBH). Mr. Trexler tells us about the housing recovery and growth in Florida’s manufactured home industry. He explains what sets Nobility Homes apart in this market and why he thinks the company’s stock has increased by more than 100% in the past three years.

OTC Markets Group (OTCM): Tell us about Nobility Homes. What do you do?

Terry Trexler: Nobility is a vertically integrated provider of manufactured housing. We sell, build, finance and insure manufactured and modular housing. Our market area is primarily Florida, which has the largest number of occupied manufactured housing of any U.S. state. It is an acceptable form of housing here and has been since the 1960s.

Our growth is coming from two areas. The retirement buyer is returning to Florida after taking several years off during the housing/economic downturn. They have a limited amount of time to enjoy their retirement years. So, with a few years of virtually no one moving to Florida there is pent up demand among retirees making their transition to the state. Secondly, with Florida’s employment situation improving, people are moving to Florida again for jobs and not just to retire.

Click to read more.

OTCM: What is the current state of the manufactured home industry and what sets Nobility Homes apart in the market?

Mr. Trexler: The manufactured home (“MH”) industry is recovering from the housing crash that began in 2009. There is an increase in home buying activity as the economy has improved and unemployment has decreased.

NOBH has a vertical integration strategy, which means we sell homes, build homes, finance homes and insure homes. This makes us a one-stop shop for the homebuyer. With our low overhead, we can make a small profit at each of our segments, outdoing our competitors. When all these segments are added together, we can create a nice return for our shareholders.

OTCM: Your stock is up 28% year-to-date and up 133% over the past 3 years. Why do you think investors have taken such a liking to your story?

Mr. Trexler: The housing recovery is starting to gain more attention on Wall Street. Before a few years ago, we did not have a good story to tell and even if we did, no one would listen because of the state of the nationwide housing market. Now, with markets improving more people are confident the recovery is real and sustainable. Our conservative balance sheet and growth trajectory provide a great place for investors to participate in the housing recovery.

OTCM: You upgraded your stock to the OTCQX market on April 15. What caused the company to make that move?

Mr. Trexler: We wanted the extra credibility that the OTCQX market provided.

OTCM: What else do you want investors to know about Nobility Homes?

Mr. Trexler: NOBH is a leader in manufactured housing in Florida. We do not have to worry about what the market is like in the rest of the country, as most of our competitors do. We operate solely in Florida, which happens to have more people living in manufactured housing than any other state. Also, we are one of the fastest growing states with over 900 people a day expected to move to Florida over the next few years. Both of these demographics make Florida the best place to be in the country. It just so happens we have already been operating here for 48 years.

Click to close.

Light Up The Market
Oncolytics Biotech Inc. (TSX: ONC; OTCQX: ONCY) Lights up the Market!

Follow us on Twitter at @OTCMarkets to keep up with OTCQX companies Lighting Up Their Market.
Monthly Trade Summary

October 2015

Market Designations # of Securities* Monthly Dollar Volume Monthly Dollar Volume
per Security
YTD Dollar Volume
OTCQX® 474 $3,464,932,501 $7,309,984 $35,157,946,734
OTCQB® 1,037 $1,053,045,843 $1,015,473 $18,080,660,142
OTC Pink® 8,351 $9,204,261,158 $1,102,175 $114,250,662,531
Totals 9,862 $13,722,239,502 $1,391,426 $167,489,269,406
*Data as of October 31, 2015
Events, Webinars & Sponsorships
MBA Bank Management and 2015 Directors Conference - Grand Rapids, MI (December 2-4, 2015)

LD Micro Conference - Los Angeles, CA (December 2-3, 2015)

CfPA Annual Summit - Washington D.C. (December 2, 2015)

PR Newswire and OTC Markets No Blank Screens Event - Tel Aviv, Israel (November 29, 2015)

IR Society’s Best Practice Awards Dinner - London, UK (November 24, 2015)

Contact us if you are interested in meeting us at one of these events.

In October, we held our first joint event with the Canadian Securities Exchange (CSE), the CSE Day - New York, at our OTCQX Market Center.

During the event, Jason Paltrowitz, OTC Markets Group EVP, and Richard Carleton, CEO of the CSE, discussed the benefits of being cross-traded on the OTCQX Best and OTCQB Venture Markets in the U.S. and the CSE in Canada.

OTC Markets Group Welcomes Oncolytics Biotech® Inc. to OTCQX - press release (November 5, 2015)

OTC Markets Group Announces Third Quarter Earnings Release and Conference Call - press release (October 29, 2015)

Oncolytics Bio to transition to OTCQX on November 5 - Seeking Alpha (October 29, 2015)

OTC Markets Group Welcomes ATRM Holdings, Inc. to OTCQX - press release (October 29, 2015)

OTC Markets Group Congratulates Anavex Life Sciences on NASDAQ Listing - press release (October 28, 2015)

Labor Department Proposal Could Limit Investment in OTC Stocks - Growth Capitalist (October 21, 2015)

As SEC Mulls Equity Crowdfunding, CA Entrepreneurs Test Other Options - Xconomy (October 19, 2015)

Meet our Corporate Services team!
OTC Markets Multicast Data Feed

A new version of the OTC Markets Multicast Data Feed specification (version 3.3) is now available: Version 3.3 | Version 3.3 (Changes Marked)

The new version of the data feed has been available in our certification environment as of Monday, November 16, 2015. A deployment date for the new version has not been set.

Market Data Feed Redundancy Initiative

OTC Markets Group is amending the timeline for the Market Data Feed Redundancy Initiative. The legacy multi-cast IPs/groups will continue to run in parallel with the new IPs/groups until December 4, 2015. After December 4th, the legacy IPs/groups will be decommissioned. The new IPs, Groups and Ports may be found here.

Contact Market Data Services at marketdata@otcmarkets.com for more information.
Proposal to Amend Regulation ATS to Enhance Transparency

On November 18, the SEC Commissioners unanimously voted to propose amendments to Regulation ATS that would require ATS operators that trade NMS securities to publicly disclose certain detailed information about the activities of the broker-dealer operating the ATS and its affiliates on a newly proposed Form ATS-N. The SEC indicated that the enhanced disclosures would enable market participants to better assess an ATS’s operations and make more informed decisions regarding its NMS order routing. The Commission expects that the proposed rule will also enhance the SEC’s ability to oversee ATS trading in NMS securities. The rule has been posted on the SEC website and will remain open for public comment for 60 days following its publication in the Federal Register. The announcement can be found here. The text of the proposed rule can be found here.
Congratulations to the latest companies to graduate from our markets to a U.S. exchange listing.

The OTCQX Best Market

Anavex Life Sciences Corp. (NASDAQ: AVXL)
Xtant Medical Holdings, Inc. (NYSE MKT: XTNT)

The OTCQB Venture Market

Kura Oncology, Inc. (NASDAQ: KURA)
Stellar Biotechnologies Inc. (NASDAQ: SBOT)
Titan Pharmaceuticals, Inc. (NASDAQ: TTNP)
7 companies qualified for the OTCQX Best Market in October.

ATRM Holdings, Inc. (OTCQB: ATRM)
Alumina Limited (OTCQB: AWCMY)
Precision Auto Care, Inc. (OTCQB: PACI)
South Atlantic Bancshares, Inc. (OTCQB: SABK)

STR Holdings, Inc. (OTCQB: STRI)
Targeted Microwave Solutions Inc. (OTCQB: TGTMF)
TigerLogic Corp. (OTCQB: TIGR)
A complete list of OTCQX companies is available on www.otcmarkets.com.

20 companies were verified for the OTCQB Venture Market in October.

3TL Technologies Corp (OTCQB: TTMZF)
Asian Development Frontier Inc. (OTCQB: ADFI)
Darkstar Ventures Inc (OTCQB: DAVC)
Epic Stores Corp. (OTCQB: EPSC)
EZTrader, Inc. (OTCQB: EZTD)
GelTech Solutions, Inc. (OTCQB: GLTC)
Gold Billion Group Holdings Ltd. (OTCQB: GBGH)
Homeowners of America Holding Corporation (OTCQB: HMWN)
Intigold Mines Limited (OTCQB: IDMNF)

Legacy Ventures International Inc. (OTCQB: LGYV)
Long Island Iced Tea Corp. (OTCQB: LTEA)
MP Ventures, Inc. (OTCQB: MPVR)
OncBioMune Pharmaceuticals, Inc. (OTCQB: OBMP)
Petrichor Corp. (OTCQB: PTRR)
Pivot Pharmaceuticals Inc. (OTCQB: PVOTF)
Pivotal Therapeutics Inc (OTCQB: PVTTF)
Safety Quick Lighting & Fans Corp. (OTCQB: SQFL)
Sunrise Tours Inc. (OTCQB: SNRT)
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