NEW YORK, May 20, 2014 /PRNewswire/-- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial marketplaces for 10,000 U.S. and global securities, today announced it has approved Boenning & Scattergood, Inc., an independent securities, asset management and investment banking firm, as a Corporate Broker for banks on the OTCQX® marketplace.
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As a Corporate Broker, Boenning & Scattergood can advise U.S. banks and thrifts on OTCQX and provide access to institutional investors, trading expertise and wealth management services. Banks are required to appoint a Corporate Broker to join OTCQX.
"We are pleased to welcome Boenning & Scattergood to our list of approved Corporate Brokers for banks on our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Founded in 1914, Philadelphia-based Boenning & Scattergood has more than 100 years' experience fostering the growth of community banks in the Mid-Atlantic and Midwest. We look forward to working with Boenning & Scattergood as we build a successful public market for small U.S. banks and thrifts."
"We are pleased to be approved by OTC Markets Group as a Corporate Broker," commented Michael A. Galantino, Managing Director of Equity Capital Markets at Boenning & Scattergood. "This is an exciting opportunity for the firm to strengthen its position within the community bank space and enhance the services we provide to clients in the Mid-Atlantic and Midwest Regions."
About Boenning & Scattergood, Inc.
Established in 1914, Boenning & Scattergood, Inc. is one of the oldest independent securities,asset management and investment banking firms in the Mid-Atlantic and Midwest Regions. Professionals at the firm provide individual investors, corporate and municipal clients and institutions a full complement of financial services including retail brokerage, equity research, equity and fixed income sales and trading, investment banking, public finance, equity option strategy and asset management. For more information, visit www.boenninginc.com. Member FINRA/SIPC.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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SOURCE OTC Markets Group Inc.