OTC Markets Group organizes securities into the OTCQX®, OTCQB® and OTC Pink® categories based on the level of disclosure provided and the listing fees paid by the issuer. OTCQX Quotation of a company is considered to be the highest tier offered by the OTC Markets and the most prestigious in going public transactions. OTCQX eligibility is tailored for both domestic and international companies seeking to go public.
OTCQX International is a fully electronic interdealer quotation system affording investors and broker-dealers access through online and full-service broker-dealers in the U.S. Trades of OTC Markets OTCQX International securities are settled and cleared in US time zones using US currency like any US-based exchange-listed security.
OTCQX International Quotation & Disclosure
OTCQX International is a disclosure tier for issuers already listed on an international stock exchange. According to the OTC Markets, the OTCQX International includes over 300 issuers, $1.7 Trillion in market capitalization and $29.5 Billion in annual dollar volume.
The OTCQX International offers many benefits to Foreign Issuers including:
- OTCQX accepts the foreign issuer’s reporting in lieu of SEC reporting.
- The tier is a cost-effective alternative to NYSE or NASDAQ for publicly traded companies.
- OTCQX reaches a larger group of U.S. institutional investors who can buy OTCQX securities through the broker of their choice.
- Disclosures on the OTCQX are available to U.S. and other investors.
- Using the OTC Link® ATS, foreign issuers quoted on the OTCQX increase liquidity in their shares.
OTCQX International allows companies to establish a secondary market for their securities and increase liquidity by attracting U.S. investors without the duplicative regulatory requirements of a U.S. stock exchange listing. Companies on OTCQX International may use the disclosure required in their home jurisdiction instead of SEC reporting.
All companies appoint a qualified, third-party investment bank or securities attorney to help with the admission process, post disclosure in English, and act as a trusted resource for all their investor information needs and U.S. market protocols.
This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship. For more information about going public and the rules and regulations affecting the use of Rule 144, Form 8K, FINRA Rule 6490, Rule 506 private placement offerings and memorandums, Regulation A, Rule 504 offerings, SEC reporting requirements, SEC registration statements on Form S-1 , IPO’s, OTC Pink Sheet listings, Form 10, OTC Markets disclosure requirements, DTC Chills, Global Locks, reverse mergers, public shells, direct public offerings and direct public offerings please contact Hamilton and Associates at (561) 416-8956 or firstname.lastname@example.org. Please note that the prior results discussed herein do not guarantee similar outcomes.
Hamilton & Associates | OTC Markets Attorneys
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855