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April 1, 2014

OTC Markets Provides Data to REDI

By John D'Antona Jr.

OTC Markets is now providing REDI Technologies with real-time Level 1 and Level 2 the full depth of book data trading data for distribution to the latter's buyside and sellside clients.

Providing such in-depth data to former Goldman Sachs-owned subsidiary REDI, OTC Markets is expanding dissemination of its real-time best bid/offer and full depth-of-book data for its OTCQX, OTCQB and OTC Pink securities via REDI's extensive trading network.

"We are pleased REDI has become a distributor of our real-time Level 1 and Level 2 data," said Matthew Fuchs, OTC's head of market data and strategy. "With this agreement, REDI's broker-dealer customers will have access to comprehensive, timely data on 10,000 U.S. and global securities, including 1,500 ADRs, 1,400 foreign ordinaries and 650-plus community banks."

REDI has access to 97 percent of the world's equities and derivatives electronic exchanges via broker networks.

 

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