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SOURCE OTC Markets Group Inc.
NEW YORK, April 28, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) today announced the OTCM ADR Index powered by BNY Mellon DR IndicesSM (Bloomberg/Reuters: OTCDR; Thomson: DFCDR), the only index exclusively tracking American Depositary Receipts ("ADRs") trading on the OTCQX®, OTCQB® and OTC Pink® marketplaces, declined slightly by (-0.13%) in the first quarter 2014. Despite this, the total dollar volume of ADRs in the Index rose 29% to a record $33.86 billion during the quarter.
Separately, OTC Markets Group and BNY Mellon this month announced the launch of the OTCQX ADR 30 Index ("OTCQX30"), a new index comprised of the top 30 OTCQX ADRs based on market capitalization, volume and liquidity, including Adidas AG (OTCQX: ADDYY), AXA (OTCQX: AXAHY), British Sky Broadcasting Group Plc (OTCQX: BSYBY), Danone (OTCQX: DANOY) and Roche Holding Ltd. (OTCQX: RHHBY).
"While the OTCM ADR Index was flat in the first quarter, we are pleased to see such active trading of ADRs on our marketplaces," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "ADRs are an efficient, cost-effective vehicle for U.S. investors to invest internationally."
First Quarter 2014 Highlights:
The OTCM ADR Index 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. For a current list of all OTCM ADR Index constituents as well as real-time quotes, charts and data, visit the OTC Markets Group website, www.otcmarkets.com.
For a list of market data vendors that distribute OTC Markets Level 2+ (OTCQX, OTCQB, OTC Pink, OTC Bonds) Quotes for all 1,500+ ADRs, visit the Market Data Vendors page on OTC Markets Group's website at http://www.otcmarkets.com/services/market-data/market-data-vendors/overview.
Past performance does not guarantee future results. Investors cannot invest directly in the OTCM ADR Index.
About BNY Mellon DR Indices
BNY Mellon's DR Index team provides more than 140 indices, and there are now 17 ETFs trading in the U.S., Canada and Korea using BNY Mellon indices as their primary benchmarks. To learn more about BNY Mellon's DR Indices, visit www.bnymellondrindex.com.
BNY Mellon acts as depositary for more than 2,700 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
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; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. 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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