BNY Mellon, OTC Markets Group announce launch of OTCQX ADR 30 index

By Tali Rackner

Norfolk, Va., April 9 - BNY Mellon and OTC Markets Group Inc. has launched the OTCQX ADR 30 index, according to a press release.

The new index is comprised of the top 30 OTCQX American Depositary Receipts based on market capitalization, volume and liquidity, including such well-known global companies as AXA, Adidas AG, British Sky Broadcasting Group plc, Danone and Roche Holding Ltd.

The rules-based index is market-capitalization weighted and adjusted for free float and contains various liquidity screens to ensure tradability. Pricing for the index is available in real time on all major financial platforms, enabling investors to monitor the performance of the largest OTCQX ADRs during U.S. trading hours.

The majority of sponsored depositary receipt programs are level I facilities that trade OTC, the release said.

"We are pleased to be launching our second ADR index in cooperation with BNY Mellon," OTC president and chief executive officer R. Cromwell Coulson said in the release.

"OTCQX ADRs are among the most actively traded ADRs on our marketplaces and are required to meet high financial and disclosure standards. We look forward to the increased awareness the OTCQX 30 index will bring to the high-quality global companies trading on OTCQX."

BNY Mellon is an investment management and investment services company. OTC Markets Group is the operator of Open, Transparent and Connected financial marketplaces. Both companies are based in New York.

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