NEW YORK, July 14, 2010 /PRNewswire/ -- Pink OTC Markets
Inc. (OTCQX: PINK), the financial information and technology
services company that operates the leading electronic quotation and
trading system in the U.S. OTC securities market, today announced
that BNP Paribas (OTCQX: BNPQY, Euronext: BNP), a leading European
banking and financial services provider, has chosen to have its
American Depositary Receipts (ADRs) quoted on the OTC's highest
market tier, OTCQX(R).
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BNP Paribas began trading today on the OTC market's highest
tier, OTCQX International Premier. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the company
on http://www.otcqx.com and http://www.otcmarkets.com.
"We welcome BNP Paribas to OTCQX," said R. Cromwell Coulson, President and CEO of Pink
OTC Markets. "We are pleased to have BNP Paribas, a CAC 40 issuer,
join the segment of OTC-traded companies focused on providing
information and transparency to U.S. shareholders."
JP Morgan, which acts as Depositary for BNP Paribas' ADR
program, will serve as BNP Paribas' Principal American Liaison
("PAL") on OTCQX, responsible for providing guidance on listing
requirements.
About BNP Paribas
BNP Paribas' ADRs will trade in the
United States on OTCQX under the symbol "BNPQY", where each
ADR will represent 0.5 ordinary shares. BNP Paribas' ordinary
shares are also listed on the Euronext Paris under the symbol BNP.
The BNP Paribas Group (the "Group") (of which BNP Paribas is the
parent company) is a European leader in banking and financial
services. It has around 200,000 employees, 160,000 of whom are
based in Europe. The group
occupies leading positions in three significant fields of activity:
Corporate and Investment Banking, Asset Management & Services
and Retail Banking. It is present in 85 countries and has a strong
presence in all the key financial centers. Present throughout
Europe in all its business lines,
France, Italy, Belgium and Luxembourg are its four domestic markets in
retail banking. BNP Paribas enjoys a significant and growing
presence in the United States and
leading positions in Asia and in
emerging markets. With 742 branches in 20 Western States of
the United States, BancWest is the
retail bank of BNP Paribas in the United
States.
About OTCQX
The OTCQX Marketplace is the premier tier of the U.S. OTC
market. Investor-focused companies use the quality controlled OTCQX
listing platform to offer investors transparent trading, superior
information, and easy access through their regulated U.S.
broker-dealers. The innovative OTCQX platform offers companies and
their shareholders a level of marketplace services formerly
available only on a U.S. stock exchange. For more information and
to view a full list of OTCQX-listed companies, visit
http://www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading
electronic interdealer quotation and trading system for over 9,000
securities not listed on a U.S. stock exchange. Pink OTC Markets
segments these securities into three tiers: the quality-controlled
OTCQX marketplace, the U.S. registered and reporting OTCQB
marketplace, and the speculative trading Pink Sheets marketplace.
These three tiers constitute the third largest U.S. liquidity pool
for trading public company shares, after The NASDAQ Stock Market,
Inc. and The New York Stock Exchange. Our products and services
promote market transparency, improve price discovery, facilitate
regulatory compliance, and increase the quality of issuer
disclosure, to the benefit of all OTC market participants. To learn
more about how Pink OTC Markets' products and services make OTC
markets more transparent, informed, and efficient, please visit our
websites at http://www.otcmarkets.com, http://www.pinkotc.com and
http://www.otcqx.com or contact us at info@pinkotc.com.
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