Interdealer Quotation System

Interdealer Quotation System

An electronic exchange system giving member access to NASDAQ, NASDAQ small-cap market, and the OTCBB. This gives participating dealers and investors access to thousands of stocks with one of the widest possible ranges of market capitalization.
References in periodicals archive ?
OTC Markets Group Inc., located in New York, N.Y., operates the world's largest electronic interdealer quotation system for broker dealers to trade over 10,000 securities not listed on any other United States stock exchange.
A significant result of this SEC settlement is that broker-dealers registered with the SEC are prohibited by SEC rule from entering any buy or sell quotations on Haber stock on any interdealer quotation system (as defined by the SEC).
OTC Markets Group operates the world's largest electronic interdealer quotation system for broker-dealers to trade unlisted securities.
A debt is exchange listed if it is listed on: (1) a national securities exchange registered under Section 6 of the Securities Exchange Act of 1934; (2) an interdealer quotation system sponsored by a national securities association registered under Section 15a of the Securities Exchange Act of 1934; or (3) a foreign exchange that either is listed in Regs.
Closely held partnerships typically should not be concerned about these new rules absent extraordinary circumstances (such as interests in the partnership being offered on an interdealer quotation system).
1.7704-1(b)(5) also provides that an "interdealer quotation system" that regularly disseminates "firm buy or sell quotations" by identified brokers or dealers represents an established securities market for this purpose.
If interests in a partnership are not traded through an interdealer quotation system or other established securities market (as described), the partnership may qualify for one of the following safe harbors.
This rule also applies to an established securities market that consists of an interdealer quotation system that regularly disseminates firm buy or sell quotations.
The company anticipates that its common stock will continue to be quoted on over-the-counter markets such as the OTC Markets Group and the OTCBB (or their successor interdealer quotation systems) after deregistration to the extent market makers continue to agree to make a market in the company's stock.