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Re: snakeyze post# 2552

Sunday, 11/21/2010 8:00:22 PM

Sunday, November 21, 2010 8:00:22 PM

Post# of 5086
PINK SHEETS


OTC PINK SHEETS

The Electronic Pink Sheets (NQB) are the primary trading leaders in the over the counter markets (OTC markets). They afford the increased transparency of the available information on the OTC markets, to render them more efficient for all. This like is where market makers post their bid and ask prices.

Their centralized information network benefits market makers, issuers, brokers and investors. Pink Sheets information enhances the efficiency of over-the-counter trading, providing better executions for OTC investors and improves the capital formation for issuers.

Brief History of the Pink Sheets

The Pink Sheets started in the year 1903, when the National Quotation Bureau (NQB) began as a paper-based, inter securities dealer quotation service. It was linking competing stock brokerage firms and market makers in OTC stock prices across the United States. Ever since then the Pink Sheets and have been a central resource for information on trading OTC stocks.

In the late 1990's the Pink Sheets were transformed even further, utilizing the power of electronic communication and the World Wide Web to increase the quality, timeliness and value of its information and services. The introduction of web-based technology has revolutionized many segments of the securities markets.

The Pink Sheets was more than a half century before Nasdaq which simply stands for the National Association of Securities Dealers Automated Quotations) Securities dealers are stock brokerage firms and market makers.

Nasdaq was started to give more exposure to OTC stocks. It became more popular then the Pink Sheets because it went electronic in the 1970’s while the Pink Sheets were still posting the buy and sell prices of the stock brokerage firms on pink paper and delivering them daily to all the stock brokerage firms.

In September of 1999, the Pink Sheets introduced their Electronic Quotation Service (EQB), an Internet-based, real-time quotation service for OTC equities and bonds.

Since then the Pink Sheets have become more and more popular. They have added 3 levels to become even more competitive with the OTCBB and the Nasdaq.

This is why so many well known companies trade on the Pink Sheets such as Nestle, Rolls Royce, Heineken and dozens of smaller banks.

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W. Buffett

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