OTC Markets Group - Trading well and keeping its long-term focus

OTC Markets Group (OTCM) had a good second quarter, delivering a revenue beat of 7% compared with our expectations. This mainly reflected high levels of transactions in a further period of raised market volatility, but the group’s resilience is underpinned by the diversity of its revenue streams, including Market Data Licensing and Corporate Services. Over 80% of revenues are of a subscription-based nature. On a longer view, the group keeps its focus on delivering better informed and more efficient markets.