NEW YORK, Aug. 11, 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 Aperam (OTCQX: APEMY; Euronext: APAM), a global player in stainless, electrical and specialty steel, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Aperam began trading today on the OTC market's prestigious tier, OTCQX International. 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 Aperam as the 250th company trading on OTCQX, the quality-controlled marketplace for investor-focused companies," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC marketplace."
Citi will serve as Aperam's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
Aperam (OTCQX: APEMY; Euronext: APAM) trades in the United States on OTCQX under the symbol "APEMY", where each ADR represents 1 ordinary share. Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organized in three divisions: Stainless & Electrical Steel, Service & Solutions and Alloys & Specialties.
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.