NEW YORK, May 16, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that UPM-Kymmene Corp. (OMX: UPM1V;OTCQX: UPMKY), a frontrunner of the new forest industry, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
UPM 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.
"Companies use OTCQX to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome UPM to OTCQX."
J.P. Morgan will serve as UPM's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About UPM-Kymenne Corp.
UPM-Kymmene Corp. (OMX: UPM1V;OTCQX: UPMKY) trades in the United States on OTCQX under the symbol "UPMKY", where each ADR represents 1 ordinary share. UPM is the Biofore company. UPM creates value from renewable and recyclable materials. Its products include graphic and specialty papers, chemical pulp, low-emission electricity, self-adhesive label materials, plywood and sawn timber. In 2010, UPM's sales totaled EUR 8.9 billion. UPM has production in 15 countries and a global sales network.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.