NEW YORK, Aug. 15, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) congratulates Tiptree Financial Inc., a diversified holding company, on its listing on the NASDAQ Capital Market. Tiptree Financial upgraded to NASDAQ from OTC Markets Group's OTCQX® marketplace, the best marketplace with qualified companies, where it began trading on September 17, 2010 under the name Care Investment Trust Inc.
"We congratulate Tiptree Financial on this important milestone and are proud to have helped the company in achieving its growth objectives," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX is the best informed, most efficient market for U.S. and global companies not trading on a U.S. exchange. As such, it has become a springboard for high-quality U.S. and global growth companies to achieve the scale necessary to support the complexity and cost of a national stock exchange listing. In the past five years, over 300 companies have grown from our marketplaces to the NYSE and NASDAQ. We look forward to nurturing more companies like Tiptree with a robust and transparent platform for high quality trading of smaller and growth company shares."
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.