1,500 ADRs Now Trading on OTCQX®, OTCQB® and OTC Pink® Marketplaces
Philippines-based Ayala Corp. is 1,500th Global Company to Join
NEW YORK, Oct. 23, 2013
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 1,500^th 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.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
"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:
oAn ADR is a security that represents shares of a global company traded in
oADRs 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
oU.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
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SOURCE OTC Markets Group Inc.
Contact: Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
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