OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today introduced increased functionality of its Bank Holding Company corporate data, commonly referred to as “Y-9” data, to its otcmarkets.com website. This data can prove valuable to investors, as it often contains details of corporate-level financing activity not directly attributable to an operating subsidiary. The new functionality allows users to view historical trending data and charts for each data point within the Y-9. It provides a more contextual view of bank holding company disclosure for the vast majority of the 550 U.S. community banks trading on the OTCQX, OTCQB and Pink markets.
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The breadth and complexity of Bank Holding Company information can make it difficult to identify the underlying significance or correlations associated with the data. New functionality provides investors with an interactive, more dynamic and intuitive platform for financial analysis. These new data sets expand usability of the current PDF format and the ability to view trends with interactive visualization tools that remove the need for downloading multiple reports and creating individual graphs in excel.
End-users also benefit from the ability to compare and benchmark historical trends with five years of archived bank holding company reports accessible through the “Filings and Disclosure” tab on a security’s individual quote page. This data is also available through Canari, OTC Markets Groups’ web-based compliance interface.
“Our latest Bank Holding Company data enhancement demonstrates the agile architecture of Qaravan and its ability to provide scalable integrated data solutions for today’s investor community,” said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. “We continue to focus on evolving our community bank datasets and innovating the functionality on OTCMarkets.com to increase efficiency and transparency for retail investors.”
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