So brokers & broker/dealers get free access to OTC Markets trading systems and still charge clients unequal round trip, added exchange closing fees? Who pays DAD's? Do companies pay DAD's to rate their company worthiness for top tier by paying for it.
If so; sounds big boards, This is becoming more rigged then before, when there was the Over the counter market, Bulletin Board and Pinksheets trading systems.
The way of the new US free market and capitalism; (privatization). Will we never learn? Companies paying rating agencies for ratings is what got us into trouble with derivative trading in 2006. LOL
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Let me see if I have this new structure straight.
The OTC is a market place still. Which have market makers make market on 2 tiers. Inter broker and public. Stocks will soon only trade on the OTC market exchange. That exchange presents public quotation tier 2 and OTC Link presents tier 1 quotations.
OTC Markets public electronic trading system has 3 tiers of reporting company worthiness, which charges companies fees for quotation and for the top tier, DAD's rate whether a company is strong enough to get there. Other wise you just need to be current SEC reporting and pay the higher fee to be listed in tier 2. And pink companies also need be disclosure current to pay fees or their stock is not quoted on the OTC at all or as Caveat Emptor. I guess OTC markets controls the gray market also.
