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Ivy Schmerken
Traders Magazine Online News

MiFID II Reaches Across the Pond: Is This the Calm Before the Storm?

Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard.

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As the SEC Tick Pilot is soon to expire, in your opinion, was it a solid fact finding mission or folly?



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November 1, 2000

OTC Facts and Figures

By Peter Chapman

In August, 3,575 stocks were quoted on the Bulletin Board by 337 market makers. Average daily volume that month was about 225 million shares. Nearly 5,000 stocks are quoted on the Pink Sheets' Electronic Quotation Service (EQS) by 275 dealers. Volume was 67 million shares on a recent day.

Those figures include approximately 1,700 stocks quoted on both systems. Most trades in the dually-listed stocks are done on the Bulletin Board, dealers say. About 2,000 of the 3,000 stocks that trade exclusively on the electronic Pink Sheets are those that were dropped by the Bulletin Board, according to Pink Sheer chairman Cromwell Coulson.

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