OTC Markets Group Introduces Canari To Assign Risk Scores To OTC Issuers
Last week, OTC Markets Group Inc. introduced Canari — a premium web-based tool designed to provide users with a comprehensive view of quantitative compliance data for OTCQX®, OTCQB®, Pink® and Grey Market securities.
Through its intuitive user interface, Canari helps clients quickly access risk scoring metrics and drill down into 110 essential data points at the security level. The tool also provides the latest metrics in aggregate across a range of data points including risk scoring changes, price movement and newly promoted securities.
“The launch of Canari extends the reach of our Compliance Analytics product by offering a user-friendly, web-based tool which allows compliance teams to interact directly with the data that is most relevant to their policies,” said Matthew Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group. “As broker-dealers and financial institutions continuously look to evolve their risk management and compliance processes, it is essential to build and scale products that provide the industry with efficient ways to monitor OTC securities.”
Canari allows users to interact with the Compliance Analytics risk scoring system. The methodology considers 19 risk factors including: Caveat Emptor status, Penny Stock Status, Name Changes, Price/Volume Changes, Changes to Shares Outstanding, Shell Risk and Promotion Data, and “Hot Sector” information (Cannabis, Cryptocurrency/Blockchain). All of these risk factors are ranked individually and then aggregated to determine the security’s risk score.
To learn more about Canari from OTC Markets Group, visit https://canari.otcmarkets.com.