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:: PINK LINK

Pink OTC Markets' electronic messaging service, Pink Link, is the leading trade negotiation and execution service for the OTC market. The telephonic trading process in Pink Sheets and OTCBB securities has been replaced with electronic messaging for straight through processing and increased trader efficiency.

Pink Link has transformed the OTC trading process. It is now used by hundreds of market makers and agency brokers to trade 33% of the total share trading in the OTCBB stocks. Market makers are providing average execution response times below 13 seconds and a fill rate of 83%.

Pink Link brings order and execution report message delivery across Pink OTC Markets' OTC Dealer service or via a FIX 4.1 connection. Pink Link allows market makers and agency brokers using the OTC Dealer to send market makers order messages in Pink Sheets and OTCBB securities to communicate with each other instantly. Pink Link can electronically execute, negotiate or decline the orders through an execution report message that is sent back through the service. Drop copies can be submitted via a FIX connection, through 3rd party service bureaus like Brass, or directly to ACT, as an additional service.

PRICING

Pink Link has a usage based fee of $1.00 per day, per security for broker-dealer customers that are market makers with two-sided, priced quotations. This fee is only applicable if messages are sent or received in a security and allows for unlimited sending or receiving of message(s) in that security. (There is no per message fee or any fee if messaging is not used in a security.) For non-market makers or market makers with unpriced quotations in the Pink Quote system in that security, including name-only, one-sided priced, and OW/BW quotations, the Pink Link fee is $1.25 per day, per security. The basic Subscriber Quotation Privilege fee of $500 per month also applies; however, discounts are provided based on volume.

Direct FIX Protocol connection to integrate Pink Link into a firms internal systems via a computer to computer link is $500.00 per month for redundant FIX connections . For Pink Link FIX specifications please call the Pink OTC Markets Sales Department at 212-896-4410 or email to sales@pinkotc.com.

FIX Drop Copy Connectivity for Pink Link executions to Service Bureaus (Brass, Fidessa, etc.) is $450.00 per month.

Direct ACT reporting to NASDAQ of executions through Pink Link is $250.00 per month, plus a $500 one-time setup fee.

The liquidity of OTC Market Makers is now linked electronically!

*Connections through Radianz and other third party extranets will require a circuit charge.