News Focus
News Focus
Followers 53
Posts 3489
Boards Moderated 0
Alias Born 02/05/2014

Re: Slojab post# 47300

Sunday, 09/26/2021 5:19:20 PM

Sunday, September 26, 2021 5:19:20 PM

Post# of 51065

"The bid /ask doesn't come from OTC Markets."

Marketmakers provide the bid and ask.

However, under the new rules, OTC Markets effectively can act like a SUPERmarketmaker. OTC Markets apparently now has the authority to bless a security the same way that FINRA can bless a security through the Form 211 process. Then, to jumpstart the blessed security, OTC Markets takes the role as the initial marketmaker to provide the bid and ask to get the security's shares trading again. Once that happens, I guess the plan is that normal marketmakers will jump on the bandwagon and take over with providing the bid and ask.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y