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The OTC Markets&#39; Most Active Securities Welcomes New Names And Experiences A Reshuffle In April

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The OTCQX&#39;s Top 10 Experience A Shuffle In February

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First-quarter 2022 market performance results seem arguably clear: bears are currently happy with the world&rsquo;s financial markets.&nbsp;
Exchange-traded funds (ETFs) that track major indices tell this story with relative clarity. SPDR S&amp;P 500 Exchange Traded Fund (NYSE Arca: SPY), the Fidelity Nasdaq Composite Index ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oneq#NASDAQ">ONEQ</a>) and the SPDR Dow Jones Industrial Average ETF (NYSE Arca: DIA) all experienced drawbacks in April.&nbsp;&nbsp;
Germany&rsquo;s Global X DAX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dax#NASDAQ">DAX</a>), Japan&rsquo;s iShares MSCI Index Fund (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ewj#NYSE">EWJ</a>) and Australia&rsquo;s iShares MSCI Index Fund (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ewa#NYSE">EWA</a>) mirrored the U.S.&rsquo;s ETF trend, experiencing similar price declines.
On a macro level, the Federal Reserve&rsquo;s decision to impose <a href="https://www.reuters.com/business/fed-raise-rates-aggressively-coming-months-say-economists-2022-04-11/">multiple federal rate hikes</a> and the war between Russia and Ukraine are often cited as some of the largest reasons that leave investors cautious for the remainder of the year.&nbsp;
OTC Markets Group Inc. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/otcm#OTCQX">OTCM</a>) was not immune to market influences in April. The operator of regulated markets reported a total monthly dollar volume of $40.6 billion, compared to $57.4 billion in March. Despite this reduction, the OTCQX Best Market and OTCQB Venture Market maintained a strong international presence and witnessed rising trading volume in select securities.&nbsp;
<h3>The OTCQX Best Market Most-Active Securities Welcomes New Faces</h3>
The OTCQX Best Market recorded a total of $10.5 billion in trading volume in April, a slight decrease from March&rsquo;s $12.4 billion figure.&nbsp;
The top three most-active securities on the OTCQX were Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>), Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) and Roche Holdings AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>), the last of which rose from third-most-traded security in March to the first-most-traded in April.&nbsp;
The OTCQX&rsquo;s top 10 most-active securities experienced a slight reshuffle in April, welcoming three new companies: ASM International N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/asmiy#OTCQX">ASMIY</a>), Anglo American plc (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ngloy#OTCQX">NGLOY</a>) and Tesco PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/tscdy#OTCQX">TSCDY</a>).&nbsp;
On its rise to fourth place on OTCQX&rsquo;s Most Active Securities list, ASM recorded a significant increase in trading volume compared to last month. The Netherlands-headquartered company specializes in the design, manufacturing, sales and service of semiconductor devices.&nbsp;
International operators, once again, maintain a strong presence on OTCQX composing 21 of the top 30 securities. France&rsquo;s BNP Paribas S.A. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/bnpqy#OTCQX">BNPQY</a>) and Germany&rsquo;s Infineon Technologies AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ifnny#OTCQX">IFNNY</a>), adidas AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTCQX">ADDYY</a>) and BASF SE (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/basfy#OTCQX">BASFY</a>) were again on the OTCQX top 10 most active securities, while Ireland&rsquo;s Experian plc (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/expgy#OTCQX">EXPGY</a>) and South Africa&rsquo;s Impala Platinum Holdings Ltd. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/impuy#OTCQX">IMPUY</a>) made it among April&rsquo;s top 30 most active securities.&nbsp;
<h3>The OTCQB Venture Market Holds Steady Amid Market Uncertainty</h3>
The OTCQB Venture Market recorded a total of $1.1 billion dollars in trading volume in April, a slight decrease from March&rsquo;s $1.2 billion figure.&nbsp;
Nine of the 10 securities on March&rsquo;s Top Most-Traded Securities on the OTCQB retained their spots on April&rsquo;s list with Lithium Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/ltum#OTCQB">LTUM</a>) representing the new face on the block.
The presence of international operators on the OTCQB Best Market was reinvigorated in April, with 17 internationals landing a spot among the top 30 most-traded securities, up from 13 in March. Of these 17 securities, 11 are Canadian, four are Australian, one is English and one is from Hong Kong.&nbsp;
Other notable movers:&nbsp;
Sprott Physical Uranium Trust Fund (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/sruuf#OTCQB">SRUUF</a>) retained its title as the most-traded security on OTCQB.&nbsp;
Lithium Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/liacf#OTCQB">LIACF</a>) climbed to 10th place in the most-active group and recorded a $16.3 million rise in trading volume compared to last month.&nbsp;
Voxtur Analytics Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/vxtrf#OTCQB">VXTRF</a>) experienced an $8.7 million increase in trading volume compared to March, climbing to 13th place on the OTCQB&rsquo;s Top 30.&nbsp;
Sysorex Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/sysx#OTCQB">SYSX</a>) recorded an $8.3 million increase in trading volume compared to March, climbing to 14th place on the OTCQB&rsquo;s Top 30.&nbsp;
&nbsp;
The OTCQX And OTCQB Top 10
Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in April.&nbsp;
<h3>OTCQX Top 10:&nbsp;</h3>
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
April Dollar Volume
</td>
</tr>
<tr>
<td>
Roche Holding Ltd.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
</td>
<td>
$2,568,362,759
</td>
</tr>
<tr>
<td>
Grayscale Bitcoin Trust (BTC)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
</td>
<td>
$2,129,693,873
</td>
</tr>
<tr>
<td>
Grayscale Ethereum Trust (ETH)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
</td>
<td>
$1,408,802,906
</td>
</tr>
<tr>
<td>
ASM International N.V.
</td>
<td>
<a href="https://www.otcmarkets.com/stock/ASMIY/quote">ASMIY</a>
</td>
<td>
$381,942,111
</td>
</tr>
<tr>
<td>
BNP Paribas
</td>
<td>
<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
</td>
<td>
$253,837,027
</td>
</tr>
<tr>
<td>
adidas AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
</td>
<td>
$230,799,211
</td>
</tr>
<tr>
<td>
Anglo American plc
</td>
<td>
<a href="https://www.otcmarkets.com/stock/NGLOY/quote">NGLOY</a>
</td>
<td>
$180,932,341
</td>
</tr>
<tr>
<td>
Tesco PLC
</td>
<td>
<a href="https://www.otcmarkets.com/stock/TSCDY/quote">TSCDY</a>
</td>
<td>
$174,185,722
</td>
</tr>
<tr>
<td>
Infineon Technologies AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
</td>
<td>
$153,365,066
</td>
</tr>
<tr>
<td>
BASF SE
</td>
<td>
<a href="https://www.otcmarkets.com/stock/BASFY/quote">BASFY</a>
</td>
<td>
$149,759,441
</td>
</tr>
</tbody>
</table>
&nbsp;
<h3>OTCQB Top 10:&nbsp;</h3>
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
April Dollar Volume
</td>
</tr>
<tr>
<td>
Sprott Physical Uranium Trust
</td>
<td>
<a href="http://www.otcmarkets.com/stock/SRUUF/quote">SRUUF</a>
</td>
<td>
$105,514,973
</td>
</tr>
<tr>
<td>
American Battery Technology Co.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
</td>
<td>
$75,013,310
</td>
</tr>
<tr>
<td>
Lake Resources N.L.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/LLKKF/quote">LLKKF</a>
</td>
<td>
$39,864,281
</td>
</tr>
<tr>
<td>
Northwest Biotherapeutics Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
</td>
<td>
$32,245,062
</td>
</tr>
<tr>
<td>
Netlist Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
</td>
<td>
$28,761,916
</td>
</tr>
<tr>
<td>
Fannie Mae
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
</td>
<td>
$21,682,815
</td>
</tr>
<tr>
<td>
American Lithium Corp.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/LIACF/quote">LIACF</a>
</td>
<td>
$20,803,240
</td>
</tr>
<tr>
<td>
HUMBL Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/HMBL/quote">HMBL</a>
</td>
<td>
$18,146,178
</td>
</tr>
<tr>
<td>
CytoDyn Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
</td>
<td>
$18,145,417
</td>
</tr>
<tr>
<td>
Lithium Corp.
</td>
<td>
<a href="https://www.otcmarkets.com/stock/LTUM/quote">LTUM</a>
</td>
<td>
$17,340,284
</td>
</tr>
</tbody>
</table>
&nbsp;
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&nbsp;

The OTC Markets' Most Active Securities Welcomes New Names And Experiences A Reshuffle In April

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Piggybacking off last month&rsquo;s performance, the markets&rsquo; major indices continued their downward trend throughout February. The SPDR S&amp;P 500 Exchange Traded Fund (NYSEARCA: SPY) declined 2.95% from a high of $458.12 to a low of $410.64 before closing at $436.63. The SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) and the Fidelity Nasdaq Composite Index ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oneq#NASDAQ">ONEQ</a>) experienced similar slumps, declining 3.34% and 3.35% respectively in February.&nbsp;
It appears the market&rsquo;s poor start to the year may continue after Russia&rsquo;s invasion of Ukraine creates global uncertainty and sends economic reverberations across the world. Despite this, OTC Markets Group Inc. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/otcm#OTCQX">OTCM</a>) recorded a monthly total dollar volume of $44.7 billion across its markets in February.&nbsp;
Additionally, the OTCQX Best Market&rsquo;s Top 10 Most Traded Securities got an uncommon reshuffle with a security rising to fourth place, overtaking famous sportswear company adidas AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTCQX">ADDYY</a>).&nbsp;
<h3>The OTCQX Best Market: Movement And Reshuffling</h3>
With political uncertainty brewing across Europe, it&rsquo;s perhaps unsurprising to note a reduction in dollar volume among many international operators in February. European operators adidas AG, Heineken N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/heiny#OTCQX">HEINY</a>) and Zurich Insurance Group Ltd. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/zurvy#OTCQX">ZURVY</a>) all experienced a slight reduction in dollar volume while maintaining their rankings among the top 30 most-traded securities on the OTCQX Best Market.&nbsp;
The top three securities Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>), Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) and Roche Holdings AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>) experienced slight reductions in dollar volume despite maintaining their spots as the first, second, and third most traded securities on the OTCQX Best Market.&nbsp;
Crypto-trading company Voyager Digital Ltd. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/vygvf#OTCQX">VYGVF</a>), platinum-producer Impala Platinum Holdings Ltd. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/impuy#OTCQX">IMPUY</a>) and global meat-processor JBS S.A. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/jbsay#OTCQX">JBSAY</a>) experienced a 63%, 76%, and 68% increase in dollar volume, respectively, in February, and Mexico-based financial-services provider Grupo Financiero Banorte, S.A.B. De C.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbooy#OTCQX">GBOOY</a>) experienced a 103% increase.&nbsp;
Stealing the spotlight, Tesco PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/tscdy#OTCQX">TSCDY</a>) experienced an abrupt rise to fourth place. The security records a dollar volume worth $347 million in February, placing it just below Roche Holdings&rsquo; $849 million figure.&nbsp;
<h3>The OTCQB Venture Market: Stability And International Presence</h3>
The OTCQB Venture Market recorded $807 million dollar volume in February. The OTCQB&rsquo;s Top 10 remains unchanged from January despite surprising increases in volume from a number of candidates.&nbsp;
John Marshall Bancorp Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/jmsb#OTCQB">JMSB</a>), StrikeForce Technologies Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/sfor#OTCQB">SFOR</a>), and Trillion Energy International Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/tcff#OTCQB">TCFF</a>) experienced dollar volume increases and reported monthly dollar volumes of $57 million, $6.7 million, $6.2 million and $3.3 million, respectively.
Of the 30 most-traded securities on the OTCQB Venture Market, 16 are international operators. Of these 16 securities, 12 are Canadian, two are Australian, one is English and one is Israeli.&nbsp;
The continued presence of international operators on both the OTCQX Best Market and OTCQB Venture Market is a testament to the OTC Markets&rsquo; ability to maintain its role as a bridge between international companies and a global investing community.&nbsp;
<h2>The Top 10s</h2>
Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in February.&nbsp;
OTCQX Top 10: 
&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
</td>
<td>
Symbol&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp;
</td>
<td>
February Dollar Volume
</td>
</tr>
<tr>
<td>
Grayscale Bitcoin Trust (BTC)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
</td>
<td>
$3,380,605,973
</td>
</tr>
<tr>
<td>
Grayscale Ethereum Trust (ETH)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
</td>
<td>
$1,995,401,509
</td>
</tr>
<tr>
<td>
Roche Holding Ltd
</td>
<td>
<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
</td>
<td>
$849,171,705
</td>
</tr>
<tr>
<td>
Tesco PLC
</td>
<td>
<a href="http://www.otcmarkets.com/stock/TSCDY/quote">TSCDY</a>
</td>
<td>
$346,695,766
</td>
</tr>
<tr>
<td>
adidas AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
</td>
<td>
$240,062,230
</td>
</tr>
<tr>
<td>
Trulieve Cannabis Corporation.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/TCNNF/quote">TCNNF</a>
</td>
<td>
$210,608,750
</td>
</tr>
<tr>
<td>
BNP Paribas
</td>
<td>
<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
</td>
<td>
$201,790,703
</td>
</tr>
<tr>
<td>
Infineon Technologies AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
</td>
<td>
$196,079,467
</td>
</tr>
<tr>
<td>
Green Thumb Industries Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GTBIF/quote">GTBIF</a>
</td>
<td>
$150,376,151
</td>
</tr>
<tr>
<td>
Experian plc
</td>
<td>
<a href="http://www.otcmarkets.com/stock/EXPGY/quote">EXPGY</a>
</td>
<td>
$133,512,376
</td>
</tr>
</tbody>
</table>

OTCQB Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
</td>
<td>
February Dollar Volume
</td>
</tr>
<tr>
<td>
SPROTT PHYSICAL URANIUM TR
</td>
<td>
<a href="http://www.otcmarkets.com/stock/SRUUF/quote">SRUUF</a>
</td>
<td>
$84,683,884
</td>
</tr>
<tr>
<td>
88 Energy Ltd.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/EEENF/quote">EEENF</a>
</td>
<td>
$52,175,797
</td>
</tr>
<tr>
<td>
HUMBL Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/HMBL/quote">HMBL</a>
</td>
<td>
$56,817,445
</td>
</tr>
<tr>
<td>
Netlist, Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
</td>
<td>
$45,327,799
</td>
</tr>
<tr>
<td>
American Battery Technology Company&nbsp;&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
</td>
<td>
$38,426,276
</td>
</tr>
<tr>
<td>
Fannie Mae
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
</td>
<td>
$23,900,336
</td>
</tr>
<tr>
<td>
CytoDyn Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
</td>
<td>
$22,744,242
</td>
</tr>
<tr>
<td>
Northwest Biotherapeutics, Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
</td>
<td>
$20,611,648
</td>
</tr>
<tr>
<td>
American Lithium Corp.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/LIACF/quote">LIACF</a>
</td>
<td>
$20,022,317
</td>
</tr>
<tr>
<td>
Freddie Mac
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
</td>
<td>
$10,351,777
</td>
</tr>
</tbody>
</table>

Don&rsquo;t Miss Out On These Recent Releases
In addition to releasing a <a href="https://blog.otcmarkets.com/2022/02/15/2021-market-data-annual-review/">2021 Market Data Annual Review,</a> OTC Markets&rsquo; <a href="https://www.otcmarkets.com/stock/OTCM/news/OTC-Markets-Group-Reports-Fourth-Quarter-and-Full-Year-2021-Results?id=347186">recently reported</a> its financial results for the fourth quarter and fiscal year ended Dec. 31 aftermarket on March 9.&nbsp;
Click <a href="https://blog.otcmarkets.com/">here </a>to stay up to date on news releases.&nbsp;
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Photo by Yiorgos Ntrahas on <a href="https://unsplash.com/photos/mcAUHlGirVs">Unsplash</a>

The OTCQX's Top 10 Experience A Shuffle In February

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
The universe of public companies open to U.S. investors is a lot larger than most people realize.&nbsp;
There are nearly 18,000 securities available in the U.S. Over 11,000 of these trade on OTC Markets, while the rest trade on national exchanges like NYSE and Nasdaq.&nbsp;
For many retail investors, the experience of using their brokerage to trade an exchange-listed security may not be all that different than trading a security on OTC Markets but there are some key differences in how the markets function.&nbsp;
<h3>The Structure Of OTC Markets</h3>
OTC Markets is divided into three main markets&mdash; OTCQX, OTCQB, and Pink&mdash;with each tier having different standards. The goal, according to OTC Markets Group, is to create more efficient markets by organizing securities &ldquo;based on the quality and quantity of information companies disclose.&rdquo;
OTCQX, the highest tier, is home to the largest companies like Meritage Hospitality Group, Inc. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/mhgu#OTCQX">MHGU</a>). Many of these companies also have a primary market in another country (such as Roche Holdings (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>) and Adidas (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTCQX">ADDYY</a>)). It&rsquo;s also where a lot of community banks trade, like Coastal Carolina Bancshares Inc (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ccnb#OTCQX">CCNB</a>) and Lyons Bancorp, Inc. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/lybc#OTCQX">LYBC</a>).&nbsp;
OTCQB, the middle tier, is where smaller, emerging companies trade, such as Nextech AR Solutions (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/nexcf#OTCQB">NEXCF</a>).&nbsp;
The Pink Market is an &ldquo;Open Market,&rdquo; where any company, from large-caps like Nestle (Pink: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#Pink">NSRGY</a>). to a reorganizing JC Penney (Pink: <a class="ticker" href="https://www.benzinga.com/stock/jcpnq#Pink">JCPNQ</a>), can trade.&nbsp;
<h3>Who Participates In The OTC Markets?</h3>
Securities on OTC Markets can be bought and sold by any investor, from large institutions to individual retail investors through a registered broker-dealer. Investors and broker-dealers are amongst a few key groups that are a part of the market.
COMPANIES
There are over 11,000 securities traded on the various tiers of OTC Markets.&nbsp;
Many of these securities are ADRs for major international institutions like BNP Paribas (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/bnpqf#OTCQX">BNPQF</a>) and AXA (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/axahy#OTCQX">AXAHY</a>). These companies are primarily traded in their home countries, but have ADRs that trade on OTC Markets to give U.S. investors better access and diversify their shareholder base.&nbsp;
Many companies with securities on OTC Markets fall into a number of common industries. This includes community banks like&nbsp;Bank of San Francisco (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/bsfo#OTCQX">BSFO</a>), and metals and mining companies like Standard Lithium (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/stlhf#OTCQX">STLHF</a>) and Impala Platinum (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/impuy#OTCQX">IMPUY</a>).&nbsp;
OTC Markets also serves as a home for many innovative industries that fall outside the established guidelines of a national exchange. This includes the cannabis industry which is well-represented. Because U.S. cannabis operators are unable to list on an exchange while cannabis is classified as a Schedule I drug, many have their securities traded on OTC Markets. Other innovative industries like crypto can be found as well. Grayscale&rsquo;s portfolio of products, including the Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>) and Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) trade on the OTCQX Market.&nbsp;
BROKER-DEALERS
Unlike exchanges, which match buyers and sellers through a number of centralized locations, OTC Markets consists of a network of over 90 broker-dealers who trade directly with one another. These are the same broker-dealers that also trade exchange listed securities.
Investors can place orders through these broker-dealers, who can either fill the order themselves or connect with other broker-dealers through an alternative trading system such as OTC Link. This system allows broker-dealers to communicate, negotiate trades on behalf of clients, and post quotes to the public. Orders can also be placed through OTC Link ECN, which combines the Broker-Dealer network model with the anonymity of traditional markets.&nbsp;
The aggregate bids and asks posted by different broker-dealers for a given security are then consolidated to define the market for that security.&nbsp;
REGULATORS
In addition to the qualifying standards placed by OTC Markets for the OTCQX and OTCQB markets, there is also federal regulation of OTC Market participants.&nbsp;
All broker-dealers are regulated by FINRA. These regulations include rules that, among other things, require a broker-dealer to get the best possible price for a customer when executing an order and prohibit them from front-running customer orders.&nbsp;
Some securities that trade on OTC Markets are also &ldquo;SEC reporting&rdquo; meaning they are registered with and regulated by the SEC. Both organizations also regulate the OTC Link trading system.&nbsp;
When trading a security on OTC Markets, it&rsquo;s important to understand how the market&rsquo;s different players interact with each other. Each participant contributes to the liquidity and efficiency of the market and can affect how, when, or if your buy or sell order gets executed.&nbsp;
Photo by <a href="https://unsplash.com/@m_b_m?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">M. B. M.</a> on <a href="https://unsplash.com/s/photos/stocks?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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