OTC Markets is now providing REDI Technologies with real-time Level 1 and Level 2 NBBO trading data for distribution to the latters buy- and sellside cleints.
Providing such indepth data to REDI, formerly a Goldman Sachs-owned subsidiary, 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 REDIs extensive trading network.
See Also:Credit Suisse Joins REDI EMS Platform
We are pleased REDI has become a distributor of our real-time Level 1 and Level 2 data, said Matthew Fuchs, OTCs head of Market Data & Strategy. With this agreement, REDIs 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, 650-plus community banks and thousands of smaller and growth companies.
REDI has access to 97 percent of the worlds equities and derivatives electronic exchanges via broker networks, and its REDIPlus execution management system provides a single platform for order routing of equities, futures and options across the Americas, EMEA and Asia-Pacific.
