--Provides clear indication of pre-opening trading activity and early morning interest
New York, March 8, 2006-MicrocapTrade, Inc., a leading provider of micro-cap market data for professional and retail traders, today launched the first display of pre-market trading activity for Over-The-Counter Bulletin Board (OTC:BB) and Pink Sheet stocks. This exciting new feature reinforces MicrocapTrade's commitment to creating new services and technologies that improve transparency, efficiency and profitability for its clients.
Pre-market activity, representing trading between market makers prior to official trading hours, provides a clear indication of opening prices in those securities and helps determine which stocks are attracting early morning interest. Unlike the NASDAQ and the New York Stock Exchange, there is no official pre-market trading session for OTC:BB and Pink Sheet stocks. However, there is unofficial trading activity that occurs among market makers between 8:00-9:30 AM Eastern Time each trading day. MicrocapTrade is the first and only firm to provide real-time trade data for this pre-market session.
Trading activity of micro-cap stocks has experienced tremendous growth over the last few years. From 2003 to 2005, OTC:BB trading volumes have increased by over 15 percent to approximately $47 billion annually, and have more than tripled since 2002; the amount of stock traded on the Pink Sheets has more than doubled since 2003 to $50 billion annually.
"As the market has continued to grow, we've created new products and services to improve traders ability to monitor their portfolios, identify new investment opportunities and increase profits," said Stephan Touizer, CEO of MicrocapTrade. "Our pre-market trade activity service offers institutional and retail traders a better indication of where the market will open and provides the best overall picture of the market at the start of the day."