OTC Markets Group, an operator of financial marketplaces for 10,000 US and global securities, and Exchange Data International (EDI), a provider of back- and front-office financial and securities data, have created the OTC Corporate Actions Data Service which will provide corporate action data for companies trading on the OTCQX, OTCQB and OTC Pink marketplaces.
The OTC Corporate Actions Data Service will publish information on all OTCQX, OTCQB and OTC Pink securities, including data on the underlying securities for American Depositary Receipts (ADRs) and foreign ordinaries traded in the US market.
In addition to standard corporate action data such as symbol changes and dividend announcements, the service will provide information on actions initiated by depository banks including book closings and openings.
“The OTC Corporate Action Data Service provides a simple, cost-effective way for market participants and investors to mitigate trading risk associated with corporate actions,” says Matthew Fuchs, managing director of market data and strategy at OTC Markets Group. “Corporate action information on underlying securities and depository bank actions will provide investors a more complete data set for decision making. We are excited to partner with Exchange Data International to better serve investors, issuers and market participants.”
“EDI has years of experience in building user-friendly web interfaces that provide the industry with easy access to securities data,” says Jonathan Bloch, chief executive of Exchange Data International. “We are pleased to partner with OTC Markets Group in making corporate actions data swiftly available to the market.”
