Tulsa’s Unit Corporation just moved up in trading on the over-the-counter market or OTCQX Best Market.
The move was announced Wednesday in a company filing with the Securities and Exchange Commission. It is considered an upgrade from the Pink market.
The OTCQX roster, also called the OTCQX Best Market, includes a large number of blue-chip stocks from Europe, Canada, Brazil, and Russia. These large foreign stocks are frequently global household names.
Unit Corporation’s filing indicated the company stock will continue to trade under the symbol “UNTC.”
The over-the-counter (OTC) market is a decentralized market where securities, not listed on major exchanges, are traded directly by a network of dealers. Instead of providing an order matchmaking service as with the NYSE, these dealers carry inventories of securities to facilitate any buy or sell orders.