Bank of New York puts ADR info on the Web
19 November 2003 | 2710 views | 0
The Bank of New York has introduced ADR Inform, a Web-based framework for clients to monitor and manage their depositary receipt programme.
The bank says ADR Inform will analyse cross border broker activity, trading volume and value, and enable clients to develop shareholder identification and targeting programmes for internationally-traded equities. Issuers will additionally be able to compare and contrast the performance of their own programmes against industry and country peers or the ADR Composite Index as a whole.
BoNY currently issues depositary receipts for more than 1400 programs representing 70 countries and accounts for 67% of all public sponsored depositary receipt programs.