NEW YORK, Oct. 23, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that there are
now 1,500 American Depositary Receipts (ADRs) trading on the
OTCQX®, OTCQB® and OTC Pink® marketplaces, a 500% increase from 10
years ago. Ayala Corp. (OTC Pink: AYALY; Philippine Stock
Exchange: AC), one of the oldest and most respected business groups
in the Philippines, became the
1,500th global company to begin trading on OTC Markets
Group's marketplaces. The company's ADRs trade on OTC Pink
under the symbol "AYALY," where each ADR represents two ordinary
shares.
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"The fact that we have reached 1,500 ADRs trading on our
marketplaces is further proof of the tremendous demand from
investors, advisors and broker-dealers for U.S.-traded ADRs as an
efficient vehicle for accessing global investment opportunities,"
said R. Cromwell Coulson, President
and CEO of OTC Markets Group. "OTCQX, in particular, has
become home to some of the largest, most liquid and
investor-friendly global companies like Adidas AG, BASF SE and
Roche Holding Ltd. that are looking to grow their U.S. shareholder
bases while avoiding the cost and complexity of a traditional
exchange listing. We look forward to nurturing more global
companies as they seek greater visibility and access to the largest
pool of capital in the world – the United
States."
The OTCQX, OTCQB and OTC Pink marketplaces are home to 75% of
all ADRs. Together, these companies come from over 50
countries and represent a wide range of industries and market
capitalizations. Some of the most actively-traded ADRs
include: Allianz SE, Danone, Deutsche Telekom AG, Gazprom OAO,
Nestle S.A., Roche Holding Ltd. and Volkswagen AG.
Facts about ADRs:
- An ADR is a security that represents shares of a global company
traded in the U.S.
- ADRs were established in 1927 as a way for global companies to
expand their U.S. shareholder bases without the expense of a full
U.S. stock market flotation.
- U.S. investors like ADRs because they eliminate the complexity
associated with investing overseas, including foreign custody,
currency conversion and tax issues, and because they can be traded
in U.S. dollars by a U.S. broker-dealer during U.S. trading hours,
allowing for easy rebalancing of portfolios and investor liquidity
needs.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global securities.
Through our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities into
marketplaces to better inform investors of opportunities and risks
– OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®,
The Venture Stage Marketplace with U.S. Reporting Companies; and
OTC Pink®, The Open Marketplace with Variable Reporting Companies.
Our data-driven platform enables investors to easily trade through
the broker of their choice at the best possible price and empowers
a broad range of companies to improve the quality and availability
of information for their investors. To learn more about how we
create better informed and more efficient financial marketplaces,
visit www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.