NEW YORK, Aug. 15, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) congratulates Cellectar Biosciences Inc., on its successful public offering and approval to list on The NASDAQ Capital Market, effective August 15, 2014. Cellectar previously traded on OTCQX®, the best marketplace for established U.S. and global companies operated by OTC Markets Group.
Cellectar, a biopharmaceutical company, joined OTCQX on February 16, 2012. Since that time, Cellectar's 30-day daily average dollar volume has increased 248%, reflecting increased investor interest in its securities.
"We congratulate Cellectar on achieving this major milestone," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Cellectar's success on OTCQX demonstrates its strength of execution and ability to leverage OTCQX as an efficient and informed public market. We wish the company continued success as they take this next step."
OTCQX is the marketplace of choice for U.S. and global companies that are looking to execute their business plans and graduate to a U.S. stock exchange listing. Cellectar is the fifth company to move from OTCQX to the NYSE MKT or NASDAQ markets this year. Others include: BioPath Holdings Inc., Gulf Coast Ultra Deep Loyalty Trust, RXI Pharmaceuticals Corp. and Sphere 3D Corp.
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 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.
SOURCE OTC Markets Group Inc.