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.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
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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.