Financial Services Industry
Industry: Email Alert RSS FeedWashington Watch: Cloudy Future for Bulletin Board Market.
Traders, August, 2000 by Hoffman, William
As a demutualized Nasdaq starts to act more like a big company, standards on the OTC Bulletin Board - operated by Nasdaq's parent, the NASD - will be tightened, according to the top executive at the bulletin board's main competitor.
"Look at it like the baseball farm league system," said Cromwell Coulson, chairman of the company that publishes the Pint Sheets. "We're the bush leagues."
Coulson was referring to the relationship between Nasdaq, the OTC Bulletin Board, and his Pink Sheets penny stock market.
As he sees it, the non-Nasdaq OTC market until recently was insignificant: roughly $2.5 million out of Nasdaq's $750 million in 1998 revenues.
But the non-Nasdaq OTC market could become an embarrassment to the name brand conscious...
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