Issuers See Greater Liquidity After Joining OTCQX
According to a study conducted by Oxford Metrica, and commissioned by the OTC Markets Group, companies saw an average 57% increase in dollar volume after joining the OTCQX.
Key findings of the study include;
Trading volume by number of shares increased by 53% on average following a move to the OTCQX market
Dollar volumes increased similarly by 57% on average
Bid-ask spreads narrowed by 4% on average
The number of broker-dealers per security rose on average by 16%.
The study was released less than two months after the OTC Markets Group announced the strengthening of OTCQX market standards and the adoption of best practice corporate governance requirements.
To access the entire study, please click HERE.
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