Thomson Reuters and OTC Markets Implement End-of-Day Pricing for Pink Sheets

Thomson Reuters and Alternative Trading System (ATS) OTC Markets Group have announced that the companies will be expanding the existing distribution arrangement between them to include a set of new securities traded off Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

The list includes end-of-day pricing data for OTCQX®, OTCQB® and Pink® securities. The addition expands of the real-time Level 1 and Level 2 data which OTC Markets Group is already feeding through Thomson Reuters Elektron and Eikon.

Clients of Thomson Reuters clients can now see reliable and comprehensive closing bid, offer and trade data for about 10,000 OTCQX, OTCQB and Pink securities. The information will be delivered through the DataScope product suite.

Commenting on the announcement, the Executive Vice President of OTC Markets Group, Matthew Fuchs, said: “Our End-of-Day Pricing Data provides asset and investment managers, broker-dealers and other financial institutions with the closing price data they need to value OTCQX, OTCQB and Pink securities.”

Clients of Thomson Reuters that are interested in obtaining the data from OTC Markets Group will have to contact the vendor for more details on how to get access to the feature.

“Thomson Reuters is committed to partnering with the market's leading service providers, helping market participants benefit from our exceptional content via multiple distribution arrangements, platforms and applications," said the Managing Director of Pricing, Reference & Regulatory Services at Thomson Reuters, Marion Leslie.

“Through this expanded strategic content-sharing and distribution agreement with OTC Markets Group's three-tiered markets, we are helping ensure that market practitioners can transparently access our organizations' combined wealth of content, adding more end-of-day pricing data fields to DataScope Select's comprehensive database, which includes reference, corporate actions, legal entities, as well as end-of-day and intra-day evaluated pricing content,” she elaborated.