NEW YORK, Dec. 17, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, today announced the launch of the OTCQX Composite Index (.OTCQX, ISIN:DE000SLA0TC9), OTCQX U.S. Index (.OTCQXUS, ISIN:DE000SLA0TE5) and OTCQX International Index (.OTCQXINT, ISIN:DE000SLA0TD7), benchmarks for measuring the performance of transparent, investor-friendly U.S. and international companies on the OTCQX marketplace.
The new OTCQX indexes, which are denominated in U.S. dollars and calculated on a total return and price return basis, are comprised of U.S. and international companies that have met the stringent requirements for trading on OTCQX, including high financial standards, current disclosure in English in the U.S., sponsorship by a professional third-party advisor and, for international companies, listing on a qualified foreign stock exchange.
"Investors interested in tracking the performance of established, global and growth companies traded our OTCQX marketplace now have a comprehensive solution with our OTCQX Composite, OTCQX U.S. and OTCQX International Indexes," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "These new indexes provide institutional asset managers the benchmarks they need to make informed decisions and highlight OTCQX companies as a more attractive asset class for a wider range of investors."
The new OTCQX indexes are as follows:
OTCQX Composite Index is comprised of U.S. and international securities, including ADRs and ordinary shares, traded on OTCQX. The Index is designed as a benchmark for tracking the overall performance of the OTCQX marketplace.
OTCQX U.S. Index tracks the performance of U.S. companies that have qualified to trade on OTCQX.
OTCQX International Index is comprised of more than 200 international securities traded on OTCQX. This includes large-cap global companies such as Adidas AG, Heineken N.V. and Volkswagen AG as well as growing international companies such as Starpharma Holdings Ltd. that have high financial and disclosure standards. In all, more than 20 countries are represented in the OTCQX International Index.
The OTCQX Composite Index, OTCQX U.S. Index and OTCQX International Index are all market capitalized-weighted and have minimum liquidity screens to ensure tradability. Index data is priced in real-time and is available via major worldwide market data vendor networks and other print and electronic information media vendors.
Solactive AG serves as the calculation agent for the indexes and is responsible for compiling, calculating, maintaining and disseminating the values of the indexes on behalf of OTC Markets Group.
OTC Markets Group has sole discretion to add or delete securities from the Indexes.
This release is for informational purposes only. 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 Solactive AG
Solactive AG is one of the key players in the indexing space. Focusing on tailor-made indices, the German multi asset class provider is developing, calculating and distributing them worldwide. As of 30th June 2014, Solactive AG calculates indices for 160 clients in Europe, America and Asia. Approximately 25 billion USD are invested in products linked to indices calculated by the company globally, primarily via 145 ETFs. For more about Solactive, visit www.solactive.com.
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; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. 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.