

Exchange listing is costly and, when reporting and other management burdens are factored in, unattractive for many small public companies. OTC Markets Group offers an alternative path to visibility and liquidity and, for some, a stepping-stone onto an exchange. Some 10,000 securities trade on the New York–based company's three platforms. The top-tier OTCQX, marking its tenth anniversary in 2017, serves 399 domestic and global issuers with an aggregate $1.4 trillion in market capitalization. Its $36.8 billion in annual dollar volume represents 20 percent of the total for all over-the-counter securities.
That market, the middle-tier OTCQB Venture Market, and OTC Pink are more than just trading venues. OTC Markets Group, led by president and CEO R. Cromwell Coulson since 1997, aims to create favorable conditions for trading, transparency, disclosures, and analytics. The strategy is increasingly data-driven; 2016 saw the introduction of an online Research Marketplace to encourage independent analysis of OTCQX and OTCQB companies; a Compliance Analytics offering; and execution-quality and market maker performance metrics on the company's OTC Link alternative trading system. "The fastest execution is not always the best execution," Coulson, 50, notes. Armed with the data, "broker-dealers might tell market makers to slow down to get better execution quality."
![]() 2. Chris Isaacson Bats Global Markets ![]() 3. Bradley Peterson Nasdaq ![]() 4. Brad Levy MarkitSERV ![]() 5. Dan Keegan Citi |
![]() 6. Glenn Lesko Bloomberg Tradebook ![]() 7. Bryan Durkin CME Group ![]() 8. Mayur Kapani Intercontinental Exchange ![]() 9. Mike Blum KCG Holdings ![]() 10. Raj Mahajan Goldman Sachs Group |
![]() 11. Ronald DePoalo Fidelity Institutional ![]() 12. Nick Themelis MarketAxess Holdings ![]() 13. Jenny Knott NEX Optimisation ![]() 14. Billy Hult Tradeweb Markets ![]() 15. Rob Park IEX Group |
![]() 16. Bill Chow & Richard Leung Hong Kong Exchanges and Clearing ![]() 17. John Mackay (Mack) Gill MillenniumIT ![]() 18. Paul Hamill Citadel Securities ![]() 19. Eric Noll Convergex ![]() 20. Veronica Augustsson Cinnober Financial Technology |
![]() 21. Tyler Moeller & Joshua Walsky Broadway Technology ![]() 22. Alasdair Haynes Aquis Exchange ![]() 23. Gaurav Suri Arcesium ![]() 24. Manoj Narang Mana Partners ![]() 25. Michael Chin & Neill Penney Thomson Reuters |
![]() 26. Robert Sloan S3 Partners ![]() 27. Anton Katz & Stephen Mock AQR Capital Management ![]() 28. Donal Byrne Corvil ![]() 29. Stu Taylor Algomi ![]() 30. Alfred Eskandar Portware |
![]() 31. Steven Randich Financial Industry Regulatory Authority ![]() 32. R. Cromwell Coulson OTC Markets Group ![]() 33. Peter Maragos Dash Financial ![]() 34. John Fawcett Quantopian ![]() 35. Donald Ross III PDQ Enterprises |
![]() 36. Jennifer Nayar Vela Trading Technologies ![]() 37. Dan Raju Tradier ![]() 38. Susan Estes OpenDoor Trading ![]() 39. David Mercer LMAX Exchange ![]() 40. Oki Matsumoto Monex Group |