OTC Markets Group Reports Fourth Quarter and Full Year 2023 Results Delivering Continued Revenue Growth
NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced its financial results for the fourth quarter and full year 2023.
- OTC Link revenues down 6%, primarily as a result of a reduction in revenues from OTC Link ATS messages of 18% and from OTC Link ECN and OTC Link NQB, which in aggregate declined 5%.
- Contributing to the overall decline in OTC Link revenues were also QAP One Statement fees, down 31%.
- The decline in OTC Link revenues is consistent with a year over year decline in trading activity on our markets.
- OTC Markets Group announced today that its Board of Directors authorized and approved a quarterly cash dividend of $0.18 per share of Class A Common Stock.