NEW YORK, July 22 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Technip (OTCQX: TKPPY, Euronext: TEC), a world leader in the oil and gas industry, is now trading on the OTC market's highest tier, OTCQX®.
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Technip began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"We are pleased to welcome Technip to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "Investors prefer the quality-controlled OTCQX platform, which identifies the segment of OTC-traded companies focused on valuation and transparency."
Deutsche Bank, which acts as Depositary for Technip's ADR program, will serve as Technip's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Technip
Technip (OTCQX: TKPPY, Euronext: TEC) will trade in the United States on OTCQX under the symbol "TKPPY", where each ADR will represent 1 ordinary share. Technip ordinary shares are listed on the Euronext Paris under the symbol "TEC". Technip is a world leader in engineering, technologies and project management for the oil and gas industry operating in three segments: Subsea, Offshore and Onshore. Technip executes infrastructure projects that are increasingly ambitious, complex and demanding: ultra-deep waters, extreme climates, mega-sized projects, non-conventional resources and optimization of environmental performance.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].
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SOURCE Pink OTC Markets Inc.
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