Traders Magazine, August 2003
Bulletin Board *The OTC Bulletin Board is hot. The nation's second tier over-the-counter market saw both its share and dollar volume soar in July. Trading leaped 272 percent to $3.5 billion in dollar terms over July of the previous year. Shares traded jumped 35 percent to 19 billion in the same period. Share volume in the penny stock mart has recorded nearly continuous month-over-month increases since bottoming out last October. The leader generating the most trades is Knight Trading Group. Knight traded 7.4 billion OTCBB shares in July, according to the OTCBB. That was nearly triple the volume generated by each of its closest rivals, Schwab Capital Markets and GVR/E*Trade. Knight said it executed about 32,000 OTCBB and Pink Sheets trades daily in July, up from nearly 13,000 a year ago. OTC volume accounts for over half of all shares traded by Knight.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.