The OTCQX market is the top tier of the three marketplaces...

The OTCQX market is the top tier of the three marketplaces operated by the OTC Markets Group in the U.S. It’s an over-the-counter (OTC) market designed for established, reputable companies that meet high financial standards and follow good governance and transparency practices.

Key Features of the OTCQX Market:

• ✅ No SEC registration required (for some foreign and domestic companies).

• ✅ Companies must meet strict financial and disclosure standards.

• ✅ Must have a sponsor, such as a reputable investment bank or law firm.

• ✅ No penny stocks or shell companies allowed.

• ✅ Provides greater visibility and credibility than lower OTC tiers.

Tiers of OTC Markets:

1. OTCQX – "Best Market" – for high-quality companies.

2. OTCQB – "Venture Market" – for early-stage and developing companies.

3. Pink – "Open Market" – for all other OTC securities, often high-risk and speculative.

Types of Companies on OTCQX:

• International blue chips (e.g. Nestlé, Roche, Heineken).

• U.S. companies that choose not to list on NASDAQ/NYSE but still want investor access.

• Smaller public companies with solid fundamentals.