Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,510.01 92.48 0.64%
TOPIX 1,170.18 3.59 0.31%
HANG SENG 22,760.24 64.23 0.28%

BNY Mellon and OTC Markets Group Announce New OTCM ADR Index, Powered by BNY Mellon DR Indices



 BNY Mellon and OTC Markets Group Announce New OTCM ADR Index, Powered by BNY
                              Mellon DR Indices

First-ever index of OTC ADRs responds to investor demand for international
exchange-listed securities

PR Newswire

NEW YORK, Dec. 3, 2012

NEW YORK, Dec. 3, 2012 /PRNewswire/ -- BNY Mellon, the global leader in
investment management and investment services, and OTC Markets Group Inc.,
operator of Open, Transparent and Connected financial marketplaces, today
announced the creation of the OTCM ADR Index, a comprehensive index for
American Depositary Receipts traded on OTCQX, OTCQB and OTC Pink marketplaces.

The OTCM ADR Index (Bloomberg: OTCDR), powered by BNY Mellon DR Indices, was
developed to benchmark the fast-growing and diverse number of ADR investment
opportunities available to investors through their U.S. brokers.  Since 2002,
the total number of ADRs trading on the OTCQX, OTCQB and OTC Pink marketplaces
has increased more than fivefold, from 248 to 1,420.  In the first nine months
of 2012, 251 new OTC ADR programs were established.

The OTCM ADR Index comprises 535 large-cap international companies, including
such names as Banco do Brasil (OTC Pink: BDORY), Bayer AG (OTC Pink: BAYRY),
Komatsu (OTCQB: KMTUY), Li & Fung (OTC Pink: LFUGY), LUKOIL (OTC Pink: LUKOY),
National Australia Bank Ltd (OTC Pink: NABZY),), Nestle S.A. (OTC Pink:
NSRGY), Ping An Insurance Company of China (OTC Pink: PNGAY), Roche Holding AG
(OTCQX: RHHBY), Standard Bank of South Africa (OTC Pink: SGBLY) and Wal-Mart
de Mexico (OTCQX: WMMVY). In all, 38 countries are represented across 10
industries.

"ADRs offer U.S. investors convenient access to global investment
opportunities, and we're pleased to work with BNY Mellon in offering this
first-ever comprehensive benchmark for the largest and most liquid ADRs," said
R. Cromwell Coulson, president and CEO of OTC Markets Group.  "By tracking
this important asset class, the OTCM ADR Index furthers our mission to create
better informed and more efficient financial marketplaces."

"Providing added visibility to ADRs traded on the OTC Markets will benefit ADR
issuers and investors alike," said Michael Cole-Fontayn, CEO of BNY Mellon's
Depositary Receipts business.  "Our collaboration with OTC Markets Group
offers the investment community an index that shows the depth, breadth and
liquidity of all ADRs traded on the OTC Markets site.  We'll continue to work
closely with our issuers and market intermediaries to enhance the use of ADRs
among global investors."

"The OTCM ADR Index spotlights some of the world's most well-known companies,"
said Julio Lugo, head of BNY Mellon DR Indices.  "We believe it's an important
next step in our 15 years of creating and disseminating ADR indices."

OTCM ADR is a rules-based index that is market capitalization weighted,
adjusted for free float, and has various liquidity screens to ensure
tradability.  It is also priced in real-time and disseminated on all
electronic platforms.  OTCM ADR Index data will be available on the OTC
Markets Group (www.otcmarkets.com) and BNY Mellon DR Index
(www.bnymellondrindex.com) websites.

OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global securities.  Its OTC Link®
ATS directly links a diverse network of broker-dealers that provide liquidity
and execution services for a wide spectrum of securities. They organize these
securities into marketplaces to better inform investors of opportunities and
risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies;
OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. To
learn more, visit www.otcmarkets.com. OTC Link ATS is operated by OTC Link
LLC, member FINRA/SIPC and SEC registered ATS.

BNY Mellon acts as depositary for more than 2,500 American and global
depositary receipt programs, acting in partnership with leading companies from
68 countries.  BNY Mellon is committed to helping securities issuers access
the world's rapidly evolving financial markets and delivers a comprehensive
suite of depositary receipt services.  Learn more at www.bnymellon.com/dr.

BNY Mellon is a global financial services company focused on helping clients
manage and service their financial assets, operating in 36 countries and
serving more than 100 markets. BNY Mellon is a leading provider of financial
services for institutions, corporations and high-net-worth individuals,
offering superior investment management and investment services through a
worldwide client-focused team. It has $27.9 trillion in assets under custody
and administration and $1.4 trillion in assets under management, services
$11.6 trillion in outstanding debt and processes global payments averaging
$1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow
us on Twitter @BNYMellon.

This release is for informational purposes only. BNY Mellon provides no advice
nor recommendation or endorsement with respect to any company or securities.
Nothing herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts: Not FDIC,
State or Federal Agency Insured; May Lose Value; No Bank, State or Federal
Agency Guarantee.

SOURCE BNY Mellon

Website: http://www.bnymellon.com
Contact: Joseph F. Ailinger Jr, BNY Mellon, +1-617-722-7571,
joe.ailinger@bnymellon.com or Saskia Sidenfaden, OTC Markets Group, Inc.,
+1-212-896-4428, saskia@otcmarkets.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement