OTC Markets Group Inc.
03/21/2025 | News release | Archived content
TabbFORUM recognizes OTC Markets Group as a 2025 NOVA Award Recipient
TabbFORUM NOVA Awards originally published by TabbFORUM March 21, 2025
Introducing the 2025 TabbFORUM NOVA Awards: Honoring Top Innovators Across Financial Markets
The third annual TabbFORUM NOVA Awards honor the financial industry's ongoing commitment to technologydriven innovation by recognizing 40 organizations for their outstanding recent and sustained achievements. These selections from across the capital markets are the result of TabbFORUM research, led by contributing editor Jeffrey Kutler, with consideration given to nominations and recommendations solicited from the community. It takes into account the role of innovation not only in an organization's performance, but also industry impact and leadership. In addition to the 40 NOVAs, 10 more are identified as innovators to watch.
OTC Markets Group One of The 40 TABBFORUM NOVAs For 2025
Three regulated venues - OTCQX Best Market, OTCQB Venture Market and Pink Open Market - operate under the OTC Markets Group banner. They accommodate different levels of disclosure and transparency, less stringent than those of traditional exchanges, for a total of 12,000 U.S. and international securities. The New York company, whose shares trade on OTCQX, said its platforms in 2024 tallied $478 billion in total dollar volume, 25% more than in 2023. Growth was driven by a surge in trading of international securities, "a result of the increasingly global nature of equity trading along with the prominence and efficiency of the U.S. capital markets," said Matt Fuchs, executive vice president of market data. "Our market structure provides issuers and investors with a unique, data-driven, and cost-effective way to reach the largest pool of liquidity in the world."
The annual metrics included increases of $92.55 billion in international securities traded, to $415.57 billion; $65.94 billion in American depositary receipts (ADRs), to $348.3 billion; and $87.37 billion in non-penny stocks, to $439.89 billion.
The group mentioned "increasing client demand for OTC Markets' unique set of global securities priced in U.S. dollars" in September when it officially launched OTC Overnight, operating Sunday through Thursday, 8:00 pm to 4:00 am Eastern Time, on the OTC Link NQB alternative trading system. Select issues - including ADRs of adidas, Heineken and Roche Holding, and ordinary shares of Bombardier and Air Canada - were initially eligible for trading, and more were to be added.
Then, in November, came MOON ATS, making OTC Markets Group one of the first ATS operators offering broker-dealer subscribers the ability to trade both OTC equity and exchange-listed National Market System securities in the U.S. after-hours window that caters to Asia-Pacific investors during their daytime. "We believe we bring a unique value proposition by utilizing our mission critical infrastructure to serve clients in a new market that is poised for significant growth," Fuchs commented.
Brokerage-as-a-service technology platform DriveWealth in February announced that it would augment its overnight proposition with MOON ATS. The connectivity "allows DriveWealth to facilitate access to multiple overnight execution venues and across trading sessions with a single order," said DriveWealth CEO Michael Blaugrund. DriveWealth partnered last year with Blue Ocean Technologies, whose ATS, launched in 2021, sparked the after-hours trend.
Read the complete article and learn more about the other honorees: here.
Share this:
Like this:
Like Loading...
Share
Matt Fuchs
Matthew Fuchs, EVP of Market Data, leads the product development, distribution and sales of market data at OTC Markets Group. Prior to joining OTC Markets Group, he served in a number of financial technology roles at the National Research Exchange, Bearing Point and Arthur Andersen. Matt received a BA from Columbia University