Our latest Listed Compliance Analytics snapshot examines active and year-to-date (YTD) promotions and deficiencies across major U.S. markets. Below are the key insights shaping the compliance landscape this year.
Promotions Remain Heavily Concentrated on Nasdaq
Promotional activity across U.S. equity securities continues to skew sharply toward Nasdaq-listed companies. In both active and YTD promotion totals, Nasdaq accounts for the overwhelming majority of promotional activity by dollar volume.
- Nasdaq: $299.6B YTD promotional dollar volume
- NYSE: $70.7B
- NYSE American: $11.0B
- OTC Markets: $0.29B
Looking at currently active promotions:
- 64 Nasdaq securities are actively promoted
- 13 OTC Markets securities (OTCQX International: 1; OTCQB: 10; OTCID: 2)
- 11 NYSE American securities
- 7 NYSE securities
The key takeaway is surveillance across all venues and markets is a requirement for compliance departments.
Deficiencies
Exchange rule changes have started to impact deficiency numbers from YOY perspective.
Nasdaq:
- $42.3B YTD volume
- 297 securities with deficiencies
NYSE American:
- $5.3B YTD volume
- 18 securities with deficiencies
Volume alone does not tell the full compliance story—history and issuer profile information is a necessity.
To learn more about our Compliance file visit here
To view the latest Q1 Market Data numbers for OTC Markets visit here.