OTC Link LLC has made a significant move by filing a material amendment to its ATS-N application. This update, submitted on November 9, 2026, is crucial as it introduces changes aimed at improving the efficiency of its overnight trading sessions. The amendment aligns with industry standards and regulatory requirements, potentially impacting how trading is conducted during these hours.

OTC Link LLC operates as an Alternative Trading System (ATS) and is known for facilitating trading in the over-the-counter (OTC) market. The company was formerly known as Pink Link ATS LLC before its name change in 2010. OTC Link LLC is incorporated in Delaware and is based in New York City.

The recent filing, with accession number 0001491895-26-000021, details several key changes. Notably, the amendment adds a third-party service provider to supply Securities Information Processor (SIP) data during the overnight trading session. It also updates the ATS' reference price bands to reflect the limit up-limit down methodology used in the National Market System (NMS) Plan. Furthermore, the ATS will enforce Limit Up-Limit Down (LULD) reference prices published by the SIP during overnight hours.

These changes are set to affect all subscribers to OTC Link's services, enhancing the overall trading experience and aligning with regulatory expectations. The filing indicates that the ATS will reject short sale orders in NMS Stocks that trigger a short sale circuit breaker, ensuring compliance with Regulation SHO.

Looking ahead, the filing does not specify what the next steps will be following this amendment. However, it is clear that OTC Link LLC is positioning itself to better serve its clients and adapt to evolving market conditions.