NEW YORK, Sept. 12, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) congratulates Altisource Asset Management Corp. on its approval to list on the New York Stock Exchange's NYSE MKT. Altisource is moving to the NYSE MKT from OTC Markets Group's OTCQX® marketplace, the best marketplace with qualified companies.
"We congratulate Altisource on its NYSE MKT listing, the fifth company to graduate from OTCQX to the New York Stock Exchange and NASDAQ so far this year," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX is the best informed, most efficient marketplace for U.S. and global companies not trading on a U.S. exchange. As such, it continues to be a springboard for high-quality U.S. and global growth companies that want to execute their business plans and grow into a national stock exchange listing. We look forward to nurturing more U.S. companies like Altisource that seek to maximize the value of public trading of their shares."
"The OTCQX has provided an excellent trading venue for our shares," said Ashish Pandey, CEO of Altisource Asset Management Corp. "We greatly appreciate the support that the OTC Markets Group has provided to AAMC."
Kramer Levin Naftalis & Frankel LLP served as Altisource's Designated Advisor for Disclosure ("DAD") on OTCQX, in which it provided professional guidance on OTCQX requirements and U.S. securities laws.
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.
SOURCE OTC Markets Group Inc.