NEW YORK, Aug. 11, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) is pleased to congratulate Payment Data Systems, Inc., an integrated payment solutions provider, on its listing on the NASDAQ Capital Market. The company previously traded on the OTCQB® Venture Market operated by OTC Markets Group.
In the past 12 months on OTCQB, Payment Data Systems' share price has increased 164%. The company's average daily dollar volume, a measure of liquidity in its stock, has increased more than 460% in the past 12 months compared to the prior 12 months.
"We commend Payment Data Systems on the achievement of this important milestone and are proud to have contributed to its evolution as a publicly-traded company," said Jason Paltrowitz, Executive Vice President- Corporate Services of OTC Markets Group. "OTCQX and OTCQB provide transparent public markets for growing companies that are looking to raise capital, grow their businesses and broaden their shareholder base whether they choose to continue trading here or graduate to a U.S. exchange listing. We wish Payment Data Systems and its management team continued success."
OTC Markets Group is the global leader in exchange graduates, advancing 83 companies to the New York Stock Exchange, NASDAQ and NYSE MKT in 2014. More than 400 additional companies have graduated from the marketplaces in the past four years.
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, firstname.lastname@example.org
SOURCE OTC Markets Group Inc.