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FINRA Updates OTCBB/OTC Hi-Price Dissemination List

April 30, 2013

[ by Melanie Gretchen ]

FINRA published its quarterly OTCBB/OTC Equities High Price Dissemination List, featuring OTC Equity Securities eligible for trade report dissemination for trades of fewer than 100 shares.  The list, available on 4/22 via a Unit of Trade query of the Daily List, can be viewed by visiting http://www.otcbb.com/AllDailyList, selecting "Unit of Trade Changes" in the "Search by Date Range" and entering April 19, 2013 as the "From" date.

For all OTC Equity Securities that trade at or above $175.00, transactions of fewer than 100 shares are no longer considered "odd-lot" transactions for dissemination purposes.  Going forward, FINRA has designated the unit of trade for these securities as one, and FINRA disseminates last sale information for all transactions of one or more shares in such securities.  FINRA reviews trading activity quarterly to determine whether additional OTC equity securities meet the stated dissemination criteria.

Contact Information for questions: FINRA Operations 866.776.0800 or finraoperations@finra.org.

For further details, go to [OTCBB].