OTC Markets Group Announces Launch of MOON ATS, A New Overnight Trading Platform for National Market System (NMS) Securities

Rhea-AI Summary

OTC Markets Group (OTCQX: OTCM) has launched MOON ATS™, a new overnight trading platform for National Market System (NMS) securities. The platform enables trading of exchange-listed securities during overnight hours from 8 PM to 4 AM Eastern Time, Sunday to Thursday. This makes OTC Markets one of the first ATS operators offering overnight trading for both OTC equity and exchange-listed NMS securities.

The platform specifically caters to APAC investors, allowing them to trade U.S. securities during their local daytime hours (8 AM to 4 PM UTC+8, Monday to Friday). The launch responds to increasing demand for U.S. dollar-priced global securities during overnight sessions, aiming to enhance market accessibility and transparency globally.

Positive

• First ATS operator to offer overnight trading for both OTC equity and NMS securities
• Expansion into new market segment with growth potential
• Strategic positioning to capture APAC market demand
• Enhanced market accessibility and trading hours flexibility

Negative

• None.

OTC Markets now offers overnight sessions for both exchange-listed NMS securities and OTC equity securities through OTC Link

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), an operator of regulated financial markets for over 12,000 U.S. and global securities, announced the official launch of MOON ATS™, following the completion of the SEC filing process. MOON will offer access to National Market System (NMS) securities listed on major exchanges during the overnight session, making OTC Markets Group one of the first ATS operators offering broker-dealer subscribers the ability to trade both OTC equity and exchange-listed NMS securities overnight.

MOON will provide APAC investors with access to U.S. NMS securities during their local daytime hours. It will also provide U.S. investors with the ability to trade in the late evening and early morning hours. Eligible NMS securities will be available for trading from 8 PM to 4 AM Eastern Time, Sunday to Thursday. APAC Region market hours will be from 8 AM to 4 PM UTC+8, Monday to Friday.

OTC Overnight™ and MOON ATS arrive at a time of increasing demand for global securities priced in U.S. dollars and during the overnight session. These platforms offer capabilities that will significantly expand market accessibility, transparency, and data coverage around the globe. OTC Overnight and MOON ATS signify an evolution of the Company’s service and a new milestone in overnight trading, launched at a critical moment as broker-dealers seek to enhance the experience for U.S. and global investors.

Matt Fuchs, Executive Vice President of Market Data at OTC Markets, commented, “America’s capital markets are the center of the financial world. We are excited to launch more opportunities for global investors to trade a range of stocks through U.S. broker-dealers. We believe we bring a unique value proposition by utilizing our mission critical infrastructure to serve clients in a new market that is poised for significant growth.”

For more information, visit https://www.otcmarkets.com/otc-link/moon-overnight and https://www.otcmarkets.com/market-data/moon-overnight.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market. Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

Media Inquiries:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What are the trading hours for MOON ATS platform by OTC Markets (OTCM)?

MOON ATS operates from 8 PM to 4 AM Eastern Time, Sunday to Thursday, and for APAC Region from 8 AM to 4 PM UTC+8, Monday to Friday.

What types of securities can be traded on OTC Markets' (OTCM) MOON ATS platform?

MOON ATS allows trading of National Market System (NMS) securities listed on major exchanges during overnight sessions, alongside OTC equity securities.

How does OTC Markets' (OTCM) MOON ATS benefit APAC investors?

MOON ATS allows APAC investors to trade U.S. NMS securities during their local daytime hours, providing better market access and trading convenience.