Bioelectronics Corp (BIEL)

[srinsocal]

They are All MMs, 15c2-11 is for the Sponsoring MM Only

" Once FINRA is satisfied that the disclosures satisfy the requirements of Rule 15c2-11, it will assign a trading symbol and the Market Maker can quote the company’s securities. Once this occurs, the securities of the private company going public are quoted by the OTC Markets on the OTC Pink Sheets. Once the sponsoring market maker has published quotations for the company’s securities for at least 30 days, other market makers can publish quotations for the security."

https://www.securitieslawyer101.com/2015/otc-pink-going-public-lawyer/


I am done with this nonsense.


Citadel Grows OTC and Listed Desks
By Editorial Staff -November 1, 2012

Citadel Execution Services is in free-agency heaven. (CDEL)

The firm has hired a slew of new market makers and a new head of strategy and product development. The hires will help the wholesaler build a new over-the-counter desk, which will trade domestic and international equities, and fill out its listed securities desk.

https://www.tradersmagazine.com/departments/brokerage/citadel-grows-otc-and-listed-desks/
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February 7, 2020
About Virtu (NITE)

Virtu is a public company and leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets in approximately 25,000 financial instruments, at 235 venues, in 36 countries worldwide. Virtu's broker-dealer subsidiary Virtu Americas LLC is one of the largest market-makers in over-the-counter ("OTC") securities, making markets in several thousand of them.

https://www.sec.gov/comments/s7-14-19/s71419-6788704-208239.pdf
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GTS Securities, (GTSM) LLC Wholesale Market Making (“WMM”, or “GTS”) business unit is a global leader in providing liquidity to markets across financial instruments and throughout the world. GTS is a market maker and execution service provider in approximately 9,000 NMS securities and 9,000 OTC securities. GTS provides liquidity directly to broker-dealer client orders in a principal and riskless principal manner tailored to the requirements of each client order.

https://gtsx.com/order-handing-protocols/
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March 20, 2020
Canaccord Genuity LLC (CSTI) (“CG”) appreciates the opportunity to submit this comment letter....

In the United States, CG is a leading liquidity provider in the over-the-counter (“OTC”) space, responsible for making markets in thousands of OTC domestic and foreign securities, including American Depositary Receipts (“ADRs”) and “F shares”. CG principally services wholesale retail order flow in OTC securities, which is directed through broker-dealer intermediaries

https://www.sec.gov/comments/s7-14-19/s71419-6984655-214633.pdf