NEW YORK, June 2, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) congratulates Gulf Coast Ultra Deep Royalty Trust on its approval to list on The NASDAQ Capital Market. Gulf Coast Ultra Deep Royalty Trust is moving to NASDAQ from the OTCQX® marketplace.
Gulf Coast Ultra Deep Royalty Trust's royal trust units have risen 31% to $2.96 since it joined OTCQX on October 10, 2013. The trust's current market capitalization is $679 million.
"We applaud Gulf Coast on its NASDAQ listing and wish it success in its future growth," said R. Cromwell Coulson, President and CEO of OTC Markets Group.
OTCQX is the U.S. 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, as well as many established companies looking to provide their investors with an informed and efficient public trading market. Ten companies have graduated from OTCQX to the NYSE MKT or NASDAQ in the past 17 months: Altisource Asset Management Corp., American Eagle Energy Corp., B2Gold Corp., BioPath Holdings Inc., Empire Resources Inc., Energy Fuels Inc., Organovo Holdings Inc., LiqTech International Inc. RXI Pharmaceuticals Corp. and Tiptree Financial Inc.
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.