NEW YORK, Dec. 8, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced IG Group Holdings
Plc. (LSE: IGG; OTCQX: IGGHY), a global leader in online trading,
has qualified to have its American Depositary Receipts (ADRs) trade
on OTCQX®, the best marketplace for established, global and
growth companies.
IG Group begins trading today on OTCQX under the symbol "IGGHY,"
where each ADR represents 1 ordinary share. U.S. investors
can find current financial disclosure and Real-Time Level 2 quotes
for the company on www.otcmarkets.com.
"We are pleased to welcome IG Group, a FTSE 250 company, to the
OTCQX marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group. "By joining
OTCQX, IG Group ensures U.S. investors will have transparent
trading and convenient access to its news and disclosure allowing
them to more easily analyze, value and trade its securities. We
look forward to working with IG Group as the company continues to
increase its profile in the U.S. market."
Christopher Hill, CFO of IG Group
commented, "We are delighted to have IG Group shares trading on the
OTCQX marketplace. This follows the launch of our Level 1 ADR
earlier this year and demonstrates our commitment to offering U.S.
investors the best possible access to IG Group stock".
Citi serves as IG Group's Principal American Liaison ("PAL") on
OTCQX, responsible for providing professional guidance on OTCQX
requirements.
IG is a global leader in online trading, providing fast and
flexible access to over 10,000 financial markets – including
shares, indices, forex, commodities and binaries.
Established in 1974 as the world's first financial spread
betting firm, IG's aim is to become the default choice for active
traders globally. It is already an award-winning
multi-platform trading company, the world's No.1 provider of CFDs*
and a global leader in forex, and it launched an execution-only
stockbroking service in the UK and Ireland in September
2014.
It is a member of the FTSE 250, with a market capitalization of
£2.4 billion (December 2014).
It has offices across Europe, Africa, Asia-Pacific and the U.S., where it offers
limited risk derivatives contracts via the Nadex brand.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: O TCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities
into marketplaces to better inform investors of opportunities and
risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture
Marketplace; and OTC Pink®, The Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we
create better informed and more efficient financial marketplaces,
visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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*Based on revenue excluding FX, published financial statements,
July 2014.
Media Contact:
Saskia Sidenfaden, OTC Markets
Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.
