OTC Markets Group Announces Real-Time Data Distribution with uSMART Securities Out of Hong Kong

Rhea-AI Summary

OTC Markets Group Inc. (OTCQX: OTCM) has announced a new data distribution partnership with uSMART Securities, a Hong Kong-based fintech brokerage firm. This collaboration enables uSMART to distribute OTC Markets Group's L1 and L2 real-time data through their mobile app, providing users with access to real-time Level 1 + top of book quote data for OTCQX®, OTCQB®, and Pink® securities.

This partnership expands OTC Markets Group's presence in the Asian market and enhances their technology capabilities. The collaboration aims to meet the growing demand for OTC equity securities data among uSMART investors in the U.S. and supports OTC Markets Group's mission to provide comprehensive, contextual, real-time, and analytical data on OTCQX, OTCQB, and Pink securities to broker-dealers, compliance, and risk management teams.

Positive

• Expansion of OTC Markets Group's presence in the Asian market
• New data distribution partnership with uSMART Securities
• Increased accessibility of real-time data for OTCQX, OTCQB, and Pink securities
• Potential for growth in global user base

Negative

• None.

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for over 12,000 U.S. and global securities, today announced new data distribution capabilities in collaboration with uSMART Securities, an advanced financial trading platform for global investors.

uSMART Securities, a leading fintech brokerage firm based in Hong Kong, is now a distributor for OTC Markets Group’s L1 and L2 real-time data and with the data being available in their mobile app for participating users. uSMART operates a financial trading platform that provides real-time stock quotes, stock trading strategies for investors, and 24-hour account service.

With this new integration, OTC Markets Group expands their Asian market presence and deepens their technology bench with an additional partner in Hong Kong. uSMART’s users also now have convenient access to Real-Time Level 1 + top of book quote data for OTCQX^®, OTCQB^® and Pink^® securities to assist in trading and investment decision-making. This collaboration increases the availability of data on OTC equity securities to uSMART investors in the U.S.

"We’re excited to see another collaboration come to fruition in one of our key Asian markets,” said Matt Fuchs, Executive Vice President of Market Data at OTC Markets Group. "As our global user base expands, we’ll continue to proactively meet demand and leverage our real-time data offerings in impactful ways for OTC market participants.”

OTC Markets Group's Market Data business provides mission-critical data to broker-dealers, compliance, and risk management teams. As the primary market operator, OTC Markets delivers the most comprehensive, contextual, real-time, and analytical data on OTCQX, OTCQB and Pink securities.

For more about OTC Markets Group's market data products, including connectivity information, visit www.otcmarkets.com/market-data/overview.

To contact the OTC Markets Group Market Data team, call +1 (212) 220-2166 or e-mail marketdata@otcmarkets.com.

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

Open a uSMART account: www.bit.ly/3YrmTl1

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1c81ba0-1039-4037-a8fb-6f91cc614347

FAQ

What is the new partnership announced by OTC Markets Group on July 24, 2024?

OTC Markets Group announced a new data distribution partnership with uSMART Securities, a Hong Kong-based fintech brokerage firm, to provide real-time L1 and L2 data for OTCQX, OTCQB, and Pink securities through uSMART's mobile app.

How does the partnership with uSMART Securities benefit OTC Markets Group (OTCQX: OTCM)?

The partnership expands OTC Markets Group's presence in the Asian market, enhances their technology capabilities, and increases the availability of OTC equity securities data to uSMART investors in the U.S., potentially growing their global user base.

What type of data will be available through the OTC Markets Group and uSMART Securities collaboration?

The collaboration will provide Real-Time Level 1 + top of book quote data for OTCQX, OTCQB, and Pink securities to assist in trading and investment decision-making for uSMART users.

How can investors access OTC Markets Group's market data products after the July 24, 2024 announcement?

Investors can access OTC Markets Group's market data products, including connectivity information, by visiting www.otcmarkets.com/market-data/overview or contacting the OTC Markets Group Market Data team at +1 (212) 220-2166 or marketdata@otcmarkets.com.