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SOURCE OTC Markets Group Inc.
Philippines-based Ayala Corp. is 1,500th Global Company to Join
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.
"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:
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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