grey market broker

[bjw]

does anyone know of a broker that allows orders on the US Grey Sheets?

IB only allows to-close orders (by phone), other brokers either don't allow it, or don't seem to know whether they allow it. anyone know more? thanks.

(edited for clarification)

 

[Robert Morse]

I'm not familiar with the term "Grey Market". Can you give an example or define it?

 

[rb7]

You're referring to 'Grey Sheets', right?

 

[bjw]

Yes, rb7 is right; i meant the Grey Sheets. Apologies!

 

[rb7]

Do you want to trade IPO's or delisted stocks?

 

[bjw]

Delisted stocks. Not something that happens regularly, but would be nice to have on the odd occassion that something pops up.

 

[Robert Morse]

are you referring to OTC?
https://www.otcmarkets.com

bob

 

[bjw]

Bob, the Grey Sheets are part of the OTC, but most OTC stocks can be traded at most brokers. Grey Sheets are different as they don't have publicly advertised bid+ask, only last price, no regulation etc.. Most of it is junk, but there are exceptions. http://www.extraordinaryinvestor.com/grey-sheets.html

 

[Robert Morse]

Delisted stocks are not for me. Same with "most" OTC. To hard to trade and easier to manipulate.

 

[rb7]

Delisted stocks. Not something that happens regularly, but would be nice to have on the odd occassion that something pops up.

Full-service brokers usually offer that type of service but I can't help you on that one. Unregulated/unliquid markets are not my cup of tea. There is so many opportunities out there besides delisted stocks.