A New York Stock Market Gets a Brexit Bounce From Europe
- OTC Markets gains as trading in European shares leaves London
- Company intends to use growth to market to European issuers
This article is for subscribers only.
The purveyors of U.S. penny stocks now have a booming business in blue chips -- European blue chips.
While Brexit drove most London equities trading to platforms in Amsterdam, Frankfurt and Paris, some has migrated to New York’s OTC Markets Group, known primarily for owning the “pink sheets” where thousands of speculative U.S. stocks are bought and sold.