GREAT NEWS for SIRG shareholders. (Please inform the know nothings on the other site that this Venue Change is a good thing!)
| ||||||
Venue Change |
| |
| Thu, Dec 20, 2012 12:00 - Sierra Resource Group, Inc. ( SIRG : OTC Link) - Venue Change - The symbol, SIRG, no longer trades on OTC Link/FINRA BB. As of Thu, Dec 20, 2012, SIRG trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com . |
| Date | Old Symbol | Current Symbol | Old Venue | New Venue | Company Name | Security Type |
| Dec 20, 2012 | SIRG | SIRG | OTC Link/FINRA BB | OTC Link | Sierra Resource Group, Inc. | Common Stock |
OTC Link allows broker-dealers to quote any OTC equity security eligible for quoting under SEC Rule 15c2-11 . Currently, there are over 10,000 securities quoted on the OTC Link system. Broker-dealers access the OTC Link system either through OTC Markets Group’ OTC Dealer or OTC FIX applications. These applications allow broker-dealers to view all quotes for OTC securities and, if desired, trade those securities through OTC Link (which is accessible through OTC Dealer and OTC FIX ).
The FINRA OTCBB system, on the other hand, is a quotation only system, as it lacks the electronic messaging capabilities of OTC Link. Furthermore, only companies that are SEC-reporting (or bank/insurance reporting) are eligible for quotation on the FINRA OTCBB. Since these securities may also be quoted on OTC Link, many BB eligible securities are ‘Dually-Quoted’ on both inter-dealer quotation systems. Currently, 99% of OTCBB eligible securities are quoted on OTC Link..
The significant majority of broker-dealers quote the securities of SEC-reporting companies on OTC Link because the FINRA OTCBB does not have electronic trading capability . Broker-dealers must use OTC Markets Group’s OTC Link's trade messaging system to trade these securities electronically.
(0)
(0)
