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Article: Bullseye Trading Illiquid Markets.(Pink Sheets and the Over the Counter Bulletin Board trading)
- Article from:
- Traders
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trading in the Pink Sheets and the OTC Bulletin Board (OTCBB) used to have two speeds - slow and slower. Indeed, Anthony Martinez, senior vice president of trading operations at BrokerageAmerica, a market maker in OTC securities, says it was a constant headache. "You had to call around on the phone to find the quotes," he remembers, "and then you had to write them down on a ticket."
The OTC and the Pink Sheets were once ignored by many professional traders. Now, "they're crackling with activity. These markets have become exciting and invigorating," says Nick Ponzio, president & CEO of Hill, Thompson, Magid, & Co., a Jersey City-based market maker in OTC and ...