Most Innovative Market Data Project (Vendor): OTC Markets
IRD/IMD Awards 2017
Launched on the back of OTC Markets’ success with its OTC Compliance Data File, the new quantitative tool expands on the original product, providing more data points and an aggregated risk score for OTC equity securities. The addition was designed to help broker-dealers and investment managers automate risk processes and identify opportunities for Pink, Grey, 20,000 OTCQX and OTCQB Markets securities. “We’re trying to provide more transparency in the marketplace to ensure people can evaluate both opportunity and risk and take out manual processes from a compliance standpoint,” says Matthew Fuchs, executive vice president of market data and strategy at OTC Markets Group.
The product comprises an enhanced compliance data file with more than 80 current and historic OTC compliance data points. An issuer analytics file also provides an overall risk value derived by an algorithm that assigns a value to 16 risk variables, such as Penny Stock and Caveat Emptor status. “A lot of the customers [of the OTC Compliance Data File] were asking for this type of scoring to help alleviate the manual work they had,” says Fuchs, who explains that the file gives users the ability to either use the risk score in the issuer analytics file or look at the underlying value of the risk parameters in the Compliance Data File to assign their own risk value.
Despite launching the product only a few months ago, several firms are already live with OTC Compliance Analytics and use the premium version of the product to automate their OTC risk and compliance processes. While OTC Markets continues signing up new subscribers, there are already plans to add other datasets that users can follow from a risk perspective. OTC Markets will add data from sets to which they have gained access with their recently announced acquisition of theOTC.tod ay, a website that monitors and analyzes stock promotion campaigns.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest