Allianz SE Joins OTCQX
Published: 26-Oct-2009
An alternative to maintaining multiple exchange listings
Allianz SE, an integrated financial services provider, has chosen to list its American Depositary Receipts (ADRs) on OTCQX platform from Pink OTC Markets. OTCQX listing platform offers investors transparent trading, superior information, and easy access through their regulated US broker-dealers.
Cromwell Coulson, president and CEO of Pink OTC Markets, said: "We are pleased to welcome Allianz to OTCQX. The transparent OTCQX marketplace provides Allianz with efficient US trading of their ADRs as an investor-friendly alternative to maintaining multiple exchange listings."
JP Morgan, which acts as depositary for Allianz's ADR program, will serve as Allianz's Principal American Liaison on OTCQX, responsible for providing guidance on listing requirements.
Pink OTC Markets is an electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities.
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