RE:RE:DTC certificationCaritas3 wrote: Help...What exactly is the DTC Certification? Is this part of what OTC does? Or is it a separate organization that does this task?
Thanks.
If we want the US market this is the way to go ...
What are the benefits to making a company’s shares DTC eligible? DTC eligible shares are traded more quickly, with less cost, and most often the status of the shares as DTC eligible increase a company’s stock trading volume.
Some broker/dealers in the U.S. have firm-wide policies that prohibit the broker/dealer from trading any shares that are not DTC eligible. In addition, the cost of trading and clearing non DTC eligible stock can oftentimes run ten times what it would cost to execute a trade with a DTC eligible stock.
Also, it is more likely that a DTC eligible stock traded in the U.S. will increase the volume of the stock on the U.S. exchange or the OTC.