NEW YORK, March 16, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Qantas Airways Ltd. (ASX: QAN; OTCQX: QABSY), Australia's largest domestic and international airline group, has qualified to have its American Depositary Receipts (ADRs) trade on OTCQX®, the best marketplace for established, global and growth companies.
Qantas begins trading today on OTCQX under the symbol "QABSY," where each ADR represents 10 ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Qantas is one of the world's leading long distance airline companies serving more than 1,200 destinations globally with its partners," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are proud to welcome this esteemed, global brand to the growing family of international companies on OTCQX and look forward to supporting the company as it expands and enhances long-term value for shareholders."
"The U.S. is one of the Qantas Group's most important international markets, and we look forward to broadening our exposure to investors across North America through OTCQX," said Alan Joyce, Qantas Group CEO.
BNY Mellon serves as Qantas' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Qantas is the largest domestic and international airline group based in Australia, engaged in the operation of international and domestic air transportation services and airline related services, such as the provision or freight services and the operation of the Qantas Frequent Flyer loyalty program. The company's main business is the transportation of customers using two complementary airline brands - Qantas and Jetstar. The company also operates subsidiary businesses including other airlines and businesses in specialist markets such as Q Catering, Qantas Freight Enterprises, and Qantas Frequent Flyer, as well as being the cornerstone investor in Jetstar-branded airlines across Asia Pacific.
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 inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® 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.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.