Most Innovative Market Data Project (Vendor): OTC Markets
IRD/IMD Awards 2017
![IMD/IRM Awards 2017 Most Innovative Market Data Project Vendor](/sites/default/files/styles/landscape_750_463/public/2017-06/5.%20Most%20Innovative%20Market%20Data%20Project%20Vendor%20-%20OTC%20Markets.jpg.webp?h=d1b1f898&itok=XiZzXRCK)
Launched on the back of OTC Markets’ success with its OTC Compliance Data File, the new quantitative tool expands on the original product, providing more data points and an aggregated risk score for OTC equity securities. The addition was designed to help broker-dealers and investment managers automate risk processes and identify opportunities for Pink, Grey, 20,000 OTCQX and OTCQB Markets securities. “We’re trying to provide more transparency in the marketplace to ensure people can evaluate both opportunity and risk and take out manual processes from a compliance standpoint,” says Matthew Fuchs, executive vice president of market data and strategy at OTC Markets Group.
The product comprises an enhanced compliance data file with more than 80 current and historic OTC compliance data points. An issuer analytics file also provides an overall risk value derived by an algorithm that assigns a value to 16 risk variables, such as Penny Stock and Caveat Emptor status. “A lot of the customers [of the OTC Compliance Data File] were asking for this type of scoring to help alleviate the manual work they had,” says Fuchs, who explains that the file gives users the ability to either use the risk score in the issuer analytics file or look at the underlying value of the risk parameters in the Compliance Data File to assign their own risk value.
Despite launching the product only a few months ago, several firms are already live with OTC Compliance Analytics and use the premium version of the product to automate their OTC risk and compliance processes. While OTC Markets continues signing up new subscribers, there are already plans to add other datasets that users can follow from a risk perspective. OTC Markets will add data from sets to which they have gained access with their recently announced acquisition of theOTC.tod ay, a website that monitors and analyzes stock promotion campaigns.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions