Advancing its investor analysis portal, OTC Markets Group has integrated new charting tools from ChartIQ via a partnership with EDGAR Online. The change occurs as OTC Markets has seen an increased demand of trading on its exchange.
Composed primarily of low volume micro-cap US securities, OTC Markets also contains listings of global giants such as Roche and Nestle on their OTC Pink market (formerly known as Pink Sheets) whose main listings are on European exchanges but have ADRs for US investors. Also, as the JOBS Act has made it easier for private firms to raise capital from investors, OTC exchanges such as OTC Markets is expected in the future to become a destination for many of these new shares to be traded for a secondary market. As such, upgraded HTML5 charts are viewed as an important feature to attract new investors who require better charting tools, as well as increasingly viewing the web on mobile devices.
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Commenting on the charting upgrade, Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group, stated, “The addition of ChartIQ’s HTML5-based stock charting to our websites will provide additional functionality for investors and analysts researching OTCQX, OTCQB and Pink securities, as well as for issuers who use our OTCIQ.com portal to manage their IR efforts and monitor trading activity. We are always looking to improve our online tools and resources available to the investing public and our valued customers.”
Dan Schleifer, CEO and Co-Founder of ChartIQ, added, “We’re thrilled to have been selected by OTC Markets Group for this initiative to bring more powerful, mobile-friendly charting to their website audience of over a million investor visits per month. Our technology paired with OTC Markets’ market data gives investors, analysts and IR professionals the insight they need for better trading decisions.”