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OTC Traders Get a Data Service of Their Own

Traders Magazine, July 2006

Peter Chapman

The hour-and-a-half before the over-the-counter market opens is a busy time for dealers. They're trading. They're quoting. They're preparing for what is typically the busiest trading period of the day. Until recently, though, market makers of Bulletin Board and Pink Sheets stocks didn't have a market data service that gathered and presented this pre-opening activity in a conveniently accessible format. That made gauging how a stock might trade at the opening a cumbersome process. OTC market makers report their pre-opening trades to Nasdaq, but Nasdaq does not disseminate any of that data. Bloomberg and others do, but on an individual stock basis and at

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