OTC Markets Group adds index to track U.S. community, regional banks

By Susanna Moon

Chicago, Jan. 26 – OTC Markets Group Inc. said it launched the OTCQX Banks index, a new benchmark for tracking U.S. community and regional banks on the OTCQX marketplace.

The OTCQX Banks index is composed of small- and mid-sized community and regional banks or their holding companies that have met the stringent requirements for trading on OTCQX, including high qualitative and quantitative financial standards and regular distribution of news and financial disclosure to investors, according to a company press release.

The index is capitalization-weighted and has a minimum liquidity screen. It is calculated on a total return and price return basis and will be rebalanced quarterly to account for the growing number of banks on OTCQX.

Price data is calculated in real-time and is available on the company’s website at otcmarkets.com.

Solactive AG is the calculation agent for the index.

"OTCQX banks are among the most strongly capitalized, well-managed and shareholder-friendly small banks in our public markets today," Jason Paltrowitz, managing director and global head of business development at OTC Markets Group, said in the press release.

New York-based OTC Markets Group is the operator of Open, Transparent and Connected financial marketplaces.

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