OTC Markets Group Inc. (OTCQX: OTCM), has made a strategic move to expand its global reach by opening up an office in London. In a release, OTC Markets described the move as “part of a broader strategy to meet the needs of European issuers looking for cost-effective solutions to access the U.S. Capital Markets.”
OTC Markets said the expansion underscores its international success. Currently, more than 2000 international companies trade on OTC Markets. OTC Markets provides a trading platform for some prominent global firms as the requirements to list on OTC, an alternative trading system (ATS), are not quite as rigorous as a full-blown exchange. The company states that secondary trading on OTC Markets offers an investor experience comparable to a stock exchange. OTC Markets adds that companies experience a home market liquidity increase of 28% and an OTC Market increase of 37% after joining the OTCQX Market, thus enhancing liquidity in their home market and abroad.
Jason Paltrowitz, Director, OTC Markets Group International Ltd. and EVP, Corporate Services, OTC Markets Group, said they are excited about the possibilities to grow globally.
“Our new London presence will play a pivotal role in the growth and expansion of OTC Markets internationally and further cultivate relationships with companies in Western Europe.”
As part of the new office, Jonathan Dickson has joined as VP, Corporate Services and will report to Paltrowitz.
