Latest Market Data Offering Provides Complete Blue Sky Secondary Trading Solution for OTC Equities & Fixed Income Securities
OTC Markets Group, operator of financial markets for over 11,000 U.S. and global securities, introduced its Blue Sky Data Product — a premium offering designed to provide the most efficient, comprehensive view of Blue Sky Secondary Trading Compliance Data for more than 16,000 OTC Equity Securities and 80,000 OTC Corporate Fixed Income Securities.
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The breadth of this new data feed gives our subscribers the tools they need to evaluate Blue Sky compliance for more than 96,000 securities from approximately 50,000 issuers. This product differentiates itself on both the unparalleled depth of coverage and timeliness of accurate exemption data. By integrating these data feeds into their daily operations, broker-dealers can streamline compliance with state securities laws for secondary trading.
Automating the Blue Sky whitelisting process allows brokers do more business in securities of compliant issuer’s that meet State Blue Sky laws, and enables brokerage firms to block bad trades before they are entered. OTC Market’s Blue Sky Secondary Trading Compliance Data reduces regulatory risks, lowers compliance costs and enables additional opportunity for advisors, brokers and research analysts to recommend and cover OTC equities and fixed income.
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Blue Sky Data is powered by OTC Markets’ data sets and cloud-based architecture. Current data is created and delivered daily in complete and delta formats. The file also includes proprietary OTC Market-specific data points such as OTC Tier and Caveat Emptor. Compliance professionals can also access historical data for each security through the Canari web application.
“Our Blue Sky Data Product will help broker dealers and investment advisors automate a key compliance function for the growing OTC equities and debt markets,” said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets. “Blue Sky Data can radically decrease the time and effort spent on state securities law compliance while opening up the world of OTC securities (e.g. ~4500 Foreign Securities) to Advisors, SMA accounts and investors.”
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