OTC Markets Group Inc (OTCQX:OTCM) announced Wednesday that it has enhanced the functionality of bank holding company corporate data, commonly referred to as Y-9 data, on OTCMarkets.com.
Y-9 data often contains details of corporate-level financing activity not directly attributable to an operating subsidiary, and the new functionality allows users to view historical trending data and charts for each data point. This provides a more contextual view of bank holding company disclosures for the vast majority of the 550 US community banks trading on the OTCQX, OTCQB and Pink markets.
Specifically, the new datasets feature an expanded PDF format, which allows users to view trends with interactive visualization tools, removing the need to download multiple reports and create individual graphs in Excel.
End-users also benefit from the ability to compare and benchmark historical trends with five years of archived bank holding company reports accessible through the "Filings and Disclosure" tab on a security's individual quote page, the group said. This data is also available through Canari, OTC Markets Group’s web-based compliance interface.
"Our latest bank holding company data enhancement demonstrates the agile architecture of Qaravan and its ability to provide scalable integrated data solutions for today's investor community," EVP of Market Data and Strategy Matthew Fuchs said in a statement. "We continue to focus on evolving our community bank datasets and innovating the functionality on OTCMarkets.com to increase efficiency and transparency for retail investors."
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 11,000 US and global securities.
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