OTC Markets Group’s End-of-Day Pricing Service will provide Thomson Reuters clients with a daily snapshot of the closing bid and offer price, market designation and other security information for all OTCQX, OTCQB and Pink securities. End-of-Day Data may be used for portfolio pricing and valuation, investment accounting, clearing and settlement, client statement preparation and current and historical research and is integral to the calculation of net capital and net asset value. OTC Markets Group is the recognized Level 1 price source for valuing OTCQX, OTCQB and Pink securities by the Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB) and the American Institute for Certified Public Accountants (AICPA).
“We’re pleased to be expanding our relationship with Thomson Reuters with the addition of our End-of-Day Pricing Service,” saidMatthew Fuchs, EVP of Market Data and Strategy at OTC Markets Group. “Our End-of-Day Pricing Data provides asset and investment managers, broker-dealers and other financial institutions with the closing price data they need to value OTCQX, OTCQB and Pink securities.”
“Thomson Reuters is committed to partnering with the market’s leading service providers, helping market participants benefit from our exceptional content via multiple distribution arrangements, platforms and applications,” said Marion Leslie, managing director, Pricing, Reference & Regulatory Services at Thomson Reuters. “Through this expanded strategic content-sharing and distribution agreement with OTC Markets Group’s three-tiered markets, we are helping ensure that market practitioners can transparently access our organizations’ combined wealth of content, adding more end-of-day pricing data fields to DataScope Select’s comprehensive database, which includes reference, corporate actions, legal entities, as well as end-of-day and intra-day evaluated pricing content.”
Thomson Reuters clients interested in obtaining OTC Markets Group’s End-of-Day Data may contact Thomson Reuters Pricing, Reference and Regulatory Services directly.
Thomson Reuters DataScope Select is a strategic data delivery platform for non-streaming pricing and reference content worldwide. It covers static data and prices with global coverage and for multiple instrument types ranging from equities and exchange traded instruments to mutual funds, fixed income instruments and hard-to price and illiquid securities. Thomson Reuters DataScope Select continues to adapt to today’s content and delivery requirements as they evolve in the marketplace. The platform is built on the cornerstones of best-in-class coverage, reliability, performance and customer convenience.
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