In aiming to prevent fraud among the more than 10,000 companies whose shares trade on the OTC market's two inter-dealer quotations systems (i.e., companies with small amounts of assets and low stock prices), the task force is currently focusing on repeat players, gatekeepers, such as attorneys and transfer agents, and shell companies.
Using the Dow link, it also functions as a news terminal and quotation system.
Rather, stocks are traded by brokers at hundreds of locations using an automated quotation system linked by telephone lines.
In 1973 the exchange merged with several regional stock exchanges in Great Britain, and in 1986 its operations were reorganized and an automated price-quotation system introduced.
The National Association of Securities Dealers, which runs the automated quotation system, has also proposed an alternative OTC Bulletin Board to continue giving price information on the penny stocks.
LATE next month, Nasdaq plans to roll out a new stock quotation system called SuperMontage, which it says will unify an increasingly fragmented trading world.
The proposed quotation methods have been employed to develop a web-based automated quotation system that can provide instant and accurate price quotation for SL parts to support effectively the RP&M service.
(3) Listed on an exchange that is registered as a national securities exchange in the United States or included in an interdealer quotation system in the United States.
The association also said short interest in 1,181 less-active over-the-counter securities that are traded in its automated quotation system, but not in the national market system, totaled 36.3 million shares as of mid-December.
The association said short interest in 1,286 less-active over-the-counter securities that are traded in its automated quotation system, but not in the national market system, totaled 43.9 million shares as of mid-April.
Computer screens were down and important market information, like bond yields, stock prices and currency exchange rates transmitted by Telerate, a quotation system, was lost to many New York traders in every market.
