OTC Markets Group Inc (OTCQX:OTCM) announced the addition of 'risk scoring' to its small cap listed compliance product, which is the latest enhancement providing broker-dealers and risk management teams with a quantitative metric to compare over 2,300 sub-$500 million market cap US exchange-listed securities.
In a statement, the New York-headquartered OTC Markets Group said individual securities are assigned a total risk score based on 13 factors that provide a comprehensive view of the risk profile. Key risk factors include promotion, hot sector status, penny stock status, shell status (current and past), price, market cap and trading volatility.
The latest data set provides a more in-depth, analytical compliance snapshot to better evaluate small cap securities listed on the NYSE, NYSE American and Nasdaq.
"The ability to quickly assess and compare risk factors for individual small cap listed securities provides broker-dealers, risk management and compliance professionals with enhanced benchmarking and insight into this segment of the market," said Matthew Fuchs, executive vice president of Market Data and Strategy at OTC Markets Group.
"Providing subscribers with efficient, comprehensive, real-time analytics tools continues to be our focus," he added.
Risk Score Algorithm data also includes elements related to:
- Name Changes
- Reverse Splits
- Price and Volume Change
- Shares /Authorized Shares Outstanding
Delivered in pipe-delimited format, twice daily at 5:00 am (ET) and 7:00 pm (ET), the file is licensed at an enterprise level designed for broker-dealers, AML, compliance and risk management professionals looking to more effectively right-size small cap listed equity compliance.
OTC Markets Group's Market Data provides critical quote and trade data, as well as company and security information on OTCQX, OTCQB and Pink securities to the trading, investment, legal and regulatory communities.
The company's data products include real-time data, end-of-day data, historical quote data, company financial data, security master data, corporate reference data and compliance data. For more about OTC Markets Group's market data products, including connectivity information, visit https://www.otcmarkets.com/market-data/overview.
The New York-headquartered OTC Markets Group is the operator of the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 10,000 US and global securities.
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive