Norwegian Over The Counter Market

The Norwegian Over The Counter Market (NOTC) is a Norwegian marketplace and information system for unlisted shares, operated by the company NOTC AS. It provides a trading support system (handelsstøttesystem) where member securities firms can register buy and sell interests and report trades in shares that are not admitted to a regulated market or multilateral trading facility. The system is commonly referred to as the NOTC system, and the list of companies whose shares are quoted through it is known as the NOTC list. NOTC AS is wholly owned by Oslo Børs, which in turn is part of the Euronext group. Historically, the system was administered by Verdipapirforetakenes Forbund (the Norwegian Securities Dealers Association) before the ownership and operation were transferred to Oslo Børs. The service is aimed at companies that are not listed on a regulated exchange but still wish to have a visible, orderly venue where their shares can be quoted and traded among member firms. Companies are registered in the NOTC system only upon the request of a member firm. This involves an initial assessment of whether the company's shares can be expected to be traded in a way that justifies registration. The minimum conditions for registration include a market value of at least NOK 20 million based on the most recent issue price, a history of more than one year (with possible consideration of continuing the business in a new company), and more than 50 shareholders, preferably external ones rather than founders, management and employees. Member firms that are connected to the system can register their buy and sell interests as well as completed trades. As of 20 April 2021, the registered users of the NOTC system included a broad range of Norwegian and Nordic securities firms, such as ABG Sundal Collier, Arctic Securities, Carnegie, Clarksons Platou Securities, Danske Bank, DNB Markets, Fearnley Securities, Handelsbanken Capital Markets, Nordea Markets, Nordnet Bank, Norne Securities, Pareto Securities, Skandinaviska Enskilda Banken, SpareBank 1 Markets and Swedbank. The NOTC website publishes daily price information, with the price picture updated every business day at 16:30, and company news updated every two minutes. The NOTC list displays tickers, share names, last price, change, bid and ask, volume, last traded date, number of shares and market value for the companies registered in the system. In addition to the main NOTC list, the website also features a "Family & Friends" list and a facility for companies to register and publish company messages. Through this infrastructure, NOTC serves as a practical OTC quotation and information venue for unlisted Norwegian companies and the securities firms that trade their shares.

The Norwegian Over The Counter Market, commonly known as NOTC, is a Norwegian marketplace for unlisted securities. The system was originally administered by Verdipapirforetakenes Forbund, the Norwegian Securities Dealers Association. At that stage, the NOTC system functioned as an industry-run quotation and information service for shares that were not listed on the Oslo Børs regulated market. Ownership and operation later moved to Oslo Børs. The company NOTC AS is now wholly owned by Oslo Børs, and the service is officially referred to as Euronext NOTC. This placed the OTC quotation service within the same exchange group that operates the main Norwegian regulated market, giving the NOTC system a formal link to the exchange infrastructure and its member firms. Companies are registered in the NOTC system only upon the request of a member firm. This involves an initial assessment of whether the company's shares can be expected to be traded in a way that justifies registration. The minimum conditions for registration are a market value of at least NOK 20 million based on the most recent issue price, a history of more than one year (with possible consideration of continuing the business in a new company), and more than 50 shareholders, preferably external ones rather than founders, management and employees. Member firms connected to the system can register their buy and sell interests as well as completed trades. As of 20 April 2021, the registered users of the NOTC system included ABG Sundal Collier, Arctic Securities, Carnegie, Clarksons Platou Securities, Danske Bank, DNB Markets, Fearnley Securities, Handelsbanken Capital Markets, Nordea Markets, Nordnet Bank, Norne Securities, Pareto Securities, Skandinaviska Enskilda Banken, SpareBank 1 Markets and Swedbank. The NOTC website provides daily price information, with the price picture updated every business day at 16:30, and company news updated every two minutes. The NOTC list displays tickers, share names, last price, change, bid and ask, volume, last traded date, number of shares and market value for the companies registered in the system. In addition to the main NOTC list, the website also features a "Family & Friends" list and a facility for companies to register and publish company messages. Through this infrastructure, NOTC serves as a practical OTC quotation and information venue for unlisted Norwegian companies and the securities firms that trade their shares.

• The NOTC system was administered by Verdipapirforetakenes Forbund (the Norwegian Securities Dealers Association).

• Ownership and operation of the NOTC system moved to Oslo Børs, and the company NOTC AS became wholly owned by Oslo Børs.

• As of 20 April 2021, the registered users of the NOTC system included 15 securities firms, among them ABG Sundal Collier, Arctic Securities, Carnegie, Danske Bank, DNB Markets, Nordea Markets, Pareto Securities and Swedbank.

A trading support and information system for unlisted Norwegian shares, operated under the ownership of Oslo Børs (Euronext) and used by member securities firms.

• NOTC system

  A trading support system for unlisted shares where member firms can register buy and sell interests and completed trades.

• NOTC list

  A list of companies registered in the NOTC system, displaying tickers, share names, last price, change, bid and ask, volume, last traded date, number of shares and market value.

• Family & Friends

  An additional list on the NOTC website alongside the main NOTC list.

• Daily price information

  Price information updated every business day at 16:30.

• Company news distribution

  Company news updated every two minutes on the NOTC website.

1. 1Forside - NOTC ASnotc.no
2. 2Norwegian Over The Counter Market - Wikidatawikidata.org
3. 3Euronext NOTC - Wikipedia (Norwegian)no.wikipedia.org