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FINRA Updates the OTCBB/OTC Equities High Price Dissemination List
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Overview
FINRATM is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List, which will be available via a Unit of Trade query of the Daily List. This updated list of OTC Equity Securities eligible for trade report dissemination for trades of fewer than 100 shares will be effective November 3, 2008. All changes can be viewed by selecting the Unit of Trade in the Search by Date Range and selecting the October 31, 2008 as the “From” date.
As discussed in OTCBB April 15, 2008 News Item (http://www.otcbb.com/news/2008/GeneralNews/041508.stm), for all OTC Equity Securities that trade at or above $175.00, transactions of fewer than 100 shares are no longer considered “odd-lot” transactions for dissemination purposes. Instead, FINRA has designated the unit of trade for these securities as one (1), and FINRA disseminates last sale information for all transactions of one or more shares in such securities. FINRA reviews trading activity quarterly to determine whether additional OTC equity securities meet the stated dissemination criteria.
For further information, please refer to the FINRA Trade Reporting Notice.
Contact Information:
Contacts for questions: FINRA Operations 866.776.0800 or finraoperations@finra.org.
The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, ADRs, and Direct Participation Programs (DPPs).
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