NEW YORK, March 9, 2011 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), the financial information and technology
services company that provides the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks, today
announced that Repsol YPF, S.A. (Madrid: REP; OTCQX: REPYY), one of the biggest
private oil firms in the world, has chosen to have its American
Depositary Receipts (ADRs) traded on the highest tier of the OTC
market, OTCQX®.
(Logo: https://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Repsol began trading today on the OTC market's prestigious tier,
OTCQX International Premier. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.OTCQX.com and www.OTCMarkets.com.
"We are pleased to welcome Repsol to OTCQX. This marks a
significant moment as OTCQX reaches a combined market
capitalization of $1 Trillion," said
R. Cromwell Coulson, President and
Chief Executive Officer of OTC Markets Group. "Repsol, the largest
Spanish oil and gas company, has chosen to remain investor focused
as they transition to trade on OTCQX, which allows them to continue
to provide superior information and transparent trading on a
quality-controlled platform."
BNY Mellon will serve as Repsol's Principal American Liaison
("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements.
About Repsol YPF, S.A.
Repsol YPF, S.A. (Madrid: REP; OTCQX: REPYY) trades in
the United States on OTCQX under
the symbol "REPYY", where each ADR represents 1 ordinary share.
Repsol is an oil & gas company in all aspects of the petroleum
business, including in the exploration, development and production
of crude oil, natural gas; the transportation of petroleum products
and liquefied petroleum gas (LPG) and natural gas; petroleum
refining; production of petrochemicals and marketing of petroleum
products, petroleum derivatives, petrochemicals, LPG and natural
gas. The Company is organized in four distinct business segments:
Exploration and Production; Refining and Marketing; Chemicals; and
Gas and Electricity.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We
categorize the wide spectrum of OTC-traded companies into three
tiers - OTCQX (the quality-controlled marketplace for investor
friendly companies), OTCQB (the U.S. reporting company marketplace
for development stage companies), and OTC Pink (the speculative
trading marketplace) - so investors can identify the level and
quality of information companies provide. To learn more about
how OTC Markets Group makes the unlisted markets more transparent,
informed, and efficient, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.