OTC Bulletin Board

The Over-The-Counter Bulletin Board (OTCBB) is an electronic quotation listing of the bid and asked prices of OTC stocks, listing several thousands of securities including stocks, bonds, ADRs, warrants, units, and domestic and foreign equities. A former platform that provides continuous updated real-time bids and ask prices, volume information, and last-sale prices, the OTCBB is now an automated trading system via a broker-dealer network as opposed to on a centralized exchange. It is an electronic quotation service provided by FINRA to its subscribing members, as an important alternative that provides current offerings for small companies that need financing from investors to grow their total market value.