NEW YORK, Oct. 20, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) today announced the third quarter 2015 performance and quarterly rebalancing of the OTCQX® indexes, the OTCQB® Venture Index, the OTCM QX ADR Index ("OTCQX30") and the OTCM ADR Index.
The OTCQX Composite Index (.OTCQX), a benchmark for companies traded on the OTCQX Best Market, declined 11.6% in the third quarter. Forty-six companies were added to the Index in the quarter, including ASM International N.V. of the Netherlands, J Sainsbury PLC of the United Kingdom, Brazil's Minerva S.A., Sweden's Orexo AB and Software AG of Germany. Forty-two companies were removed, including Xcel Brands Inc., which graduated to the NASDAQ Global Market on July 31, and CRH Medical Corp., which graduated to the NYSE MKT market on September 3, and Alter NRG Corp., Crocodile Gold Corp. and Unilens Vision Inc., which were all acquired during the quarter.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of OTCQX companies with a market capitalization of $1 billion or greater, was down 11.6% for the quarter. Three companies were added to the Index and eight were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of community and regional banks traded on OTCQX, rose 1.0% during the quarter. Eight companies were added to the Index - Commencement Bank (WA), First Colebrook Bancorp, Inc., First Virginia Community Bank, Kentucky Bancshares, Inc., Marquette National Corp., Santa Cruz County Bank (CA), VSB Bancorp, Inc. and Woodlands Financial Services Co. - and six companies were removed.
The OTCQX International Index (.OTCQXINT), a benchmark for international companies traded on OTCQX, declined 11.6% during the quarter. Twenty-three companies were added to the Index while 30 companies were removed, including CRH Medical Corp., which graduated to the NYSE MKT.
The OTCQX U.S. Index (.OTCQXUS), comprised of U.S.-based OTCQX companies, was flat for the quarter. Twenty-three companies joined the Index and 12 companies were deleted, including Xcel Brands, Inc., which graduated to NASDAQ.
The OTCQB Venture Index (.OTCQB), which tracks the overall performance of the OTCQB Venture Market, declined 9.7% in the quarter. One hundred twenty-four were added to the Index as more companies were approved to trade on OTCQB under the stricter market standards and eligibility requirements. One hundred fifty-five companies were removed during the quarter, including the following 10 companies that graduated to an exchange: Aethlon Medical Inc., AmpliPhi Biosciences Corp., Champions Oncology, Inc., Eyegate Pharmaceuticals Inc., ITUS Corp., Payment Data Systems, Inc., Pershing Gold Corporation, SITO Mobile, Ltd., Staffing 360 Solutions, Inc. and WMIH Corp.
The OTCM QX ADR 30 Index (.OTCQX30), powered by BNY Mellon DR IndicesSM and comprised of the 30 largest, most actively-traded American Depositary Receipts (ADRs) traded on OTCQX, was down 9.95% for the quarter. Two companies were added to the Index - Germany's Fresenius SE & Co. KGaA and Technip of France - and two companies were removed.
The OTCM ADR Index (.OTCDR) powered by BNY Mellon DR Indices and comprised of ADRs traded on the OTCQX, OTCQB and OTC Pink® Markets, declined 11.95% in the third quarter. Five companies were added to the Index: Banco Popular and Gas Natural SDG S.A. of Spain, the U.K.'s Direct Line Insurance Group PLC, and ENGIE S.A. and Eutelsat Communications of France. Twenty-three companies were removed during the quarter.
For a list of all index additions and deletions, visit http://www.otcmarkets.com/content/doc/Q3-2015-Index-Constituent-Changes.pdf.
All indexes are market capitalization-weighted and are adjusted on a quarterly basis for additions and shares changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.
The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index and OTCQB Venture Index have a minimum liquidity screen to ensure tradability.
All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites including Bloomberg, Reuters and FT.com.
Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.
OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, 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 protected]
SOURCE OTC Markets Group Inc.