Omnicity Corp. announced this morning that upon filing its 10K Annual Report, the company’s stock has been approved for electronic trading over GlobeNet’s Bullet-X transparent electronic trading platform utilizing Pink Link, the leading trade negotiation and execution service for the OTC market. Transforming the OTC trading process, Pink Link is now used by hundreds of market makers and agency brokers.
Pink Link brings order and execution report message delivery across Pink OTC Markets’ OTC Dealer service or via a FIX 4.1 connection. The execution service will also allow market makers and agency brokers to send market makers order messages to communicate with each other instantly. Pink Link electronically executes, negotiates or declines the orders through an execution report message that is sent back through the service.
Greg Jarman, CEO of Omnicity, stated, “We’re very pleased to have graduated from the telephonic system to Pink Link’s electronic trading. Many brokers who want to execute trades for their clients were somewhat discouraged with the telephonic trading system of the OTC because of low execution response times and a low fill rate. Now these brokers can execute trades electronically which should increase our market liquidity for our shareholders.”
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