Technicolor Begins Trading on OTCQX®
NEW YORK, Feb. 13, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Technicolor (NYSE Euronext Paris: TCH; OTCQX: TCLRY), a worldwide technology leader in the media and entertainment sector, has chosen to have its American Depositary Receipts (ADRs) trade on OTCQX®, the best marketplace with qualified companies.
Technicolor begins trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Technicolor, our 7th global French company, to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "As a leader in delivering content-related technology services and solutions to the media and entertainment industries worldwide, including in the U.S., Technicolor exemplifies the champion global companies trading on OTCQX. We look forward to working with Technicolor's management team as they continue grow the company's visibility in the U.S. market."
"We are committed to serving our U.S. investors by providing them with access to the premium U.S.-based trading platform offered by OTCQX," said Technicolor CEO Frederic Rose. "OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency and easy access through their U.S. regulated broker-dealers."
BNY Mellon serves as Technicolor's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Its world class research and innovation laboratories enable the company to lead the market in delivering advanced video products, services and solutions to content creators and distributors. Technicolor also benefits from an extensive intellectual property portfolio focused on video and audio technologies and a thriving licensing business. The company's commitment is to enhance media experience on any screen, in theaters, at home and on the go.
Technicolor will trade in the U.S. on OTCQX under the symbol "TCLRY," where each ADR represents 1 ordinary share.
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.