OTC Markets Group, an operator of financial marketplaces for 10,000 U.S. and global securities, is preparing to launch a public trading marketplace for community and regional banks, according to a company release.

The new OTCQX Banks is scheduled to launch this spring 2014. It will expand the firm's existing OTCQX marketplace to enable all banks, including banks that report to the Securities and Exchange Commission, to engage in online public trading that complies with SEC requirements.

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