OTC Markets to launch overnight US dollar trading

New offering is the first of its kind in the over-the-counter markets; is aimed at expanding accessibility following demand from clients.

OTC Markets has set out plans to launch a new overnight US dollar trading offering in the coming months in a bid to expand accessibility to the over-the-counter markets.

Overnight trading takes place after market close and prior to the next day’s market open. Named OTC Overnight, the new offering will make OTC equity securities available for trading from Sunday through to Thursday between 8 pm and 4 am EST.

The new offering is due to launch in the second quarter and will be available on the OTC Link NQB Alternative Trading System (ATS).

The initial offering will make active securities including global brands such as Adidas and Roche eligible for trading in a night session by broker-dealer subscribers to OTC Markets’ platform in US dollars.

OTC Markets confirmed that it expects to expand the pool of securities eligible for trading in the new session in the future in line with client demand.

“We have seen an increased demand from investors, broker-dealers, and other market participants looking to access the largest financial centre in the world in their respective time zones,” said Matt Fuchs, executive vice president of market data at OTC Markets Group.

“We are uniquely positioned to make this possible and create new levels of opportunity for thousands of global equities.”