June 14, 2016
Thomson Reuters and OTC Markets Group Agree to Add End-of-Day Pricing Data Distribution for OTCQX, OTCQB and Pink Securities via the DataScope Platform and Product Suite
NEW YORK – Thomson Reuters has expanded its distribution arrangement with OTC Markets Group to include OTC Markets Group’s End-of-Day Pricing Data for OTCQX®, OTCQB® and Pink® securities. In addition to the Real-Time Level 1 and Level 2 Data that OTC Markets Group already makes available through the Thomson Reuters Elektron and Eikon suite of products, Thomson Reuters clients now can receive reliable and comprehensive closing bid, offer and trade data for 10,000 OTCQX, OTCQB and Pink securities via its DataScope product suite.
OTC Markets Group’s End-of-Day Pricing Service will provide Thomson Reuters clients with a daily snapshot of the closing bid and offer price, market designation and other security information for all OTCQX, OTCQB and Pink securities. End-of-Day Data may be used for portfolio pricing and valuation, investment accounting, clearing and settlement, client statement preparation and current and historical research and is integral to the calculation of net capital and net asset value. OTC Markets Group is the recognized Level 1 price source for valuing OTCQX, OTCQB and Pink securities by the Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB) and the American Institute for Certified Public Accountants (AICPA).
“We’re pleased to be expanding our relationship with Thomson Reuters with the addition of our End-of-Day Pricing Service,” said Matthew Fuchs, EVP of Market Data and Strategy at OTC Markets Group. “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.”
“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 Marion Leslie, managing director, Pricing, Reference & Regulatory Services at Thomson Reuters. “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.”
Thomson Reuters clients interested in obtaining OTC Markets Group’s End-of-Day Data may contact Thomson Reuters Pricing, Reference and Regulatory Services directly.
Thomson Reuters DataScope Select is a strategic data delivery platform for non-streaming pricing and reference content worldwide. It covers static data and prices with global coverage and for multiple instrument types ranging from equities and exchange traded instruments to mutual funds, fixed income instruments and hard-to-price and illiquid securities. Thomson Reuters DataScope Select continues to adapt to today’s content and delivery requirements as they evolve in the marketplace. The platform is built on the cornerstones of best-in-class coverage, reliability, performance and customer convenience.
OTC Markets Group’s Market Data provides important quote and trade data, as well as company and security information for OTCQX, OTCQB and Pink securities to the trading, investment, legal and regulatory communities. The Company’s data products include real-time data, end-of-day data, historical quote data, company financial data, security master data, corporate reference data and compliance data. OTC Markets Group also provides data through leading market data redistributors.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.