BNY Mellon, OTC Markets Group announce creation of OTCM ADR index

By Tali David

Minneapolis, Dec. 3 - BNY Mellon and OTC Markets Group Inc. announced the creation of the OTCM ADR index, a comprehensive index for American Depositary Receipts traded on OTCQX, OTCQB and OTC Pink marketplaces, according to a press release.

The index, powered by BNY Mellon DR Indices, was developed to benchmark the fast-growing and diverse number of ADR investment opportunities available to investors through their U.S. brokers.

OTCM ADR is a rules-based index that is market capitalization weighted, adjusted for free float, and has various liquidity screens to ensure tradability. It is also priced in real-time and disseminated on all electronic platforms.

BNY Mellon is an investment management and investment services company. OTC Markets Group is the operator of Open, Transparent and Connected financial marketplaces.

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