The Markets

We organize 10,000 securities into three markets - OTCQX®, OTCQB® and Pink®, to better inform investors.

Pink
The Open Market

The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.

Pink Market Segments

OTC Markets Group further segments Pink companies based on the quantity and quality of information they provide to investors:

• Current Information
• Limited Information
• No Information

Current Information

Companies categorized in this segment qualify through the Alternative Reporting Standard (ARS), by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines. Companies that follow the International Reporting Standard, requiring the company be listed on aQualifying Foreign Exchange with periodic disclosure filings, those meeting the SEC Reporting Standard or U.S. Bank Reporting Standard are also eligible.