Bank of New York revamps depositary receipt Web site

Bank of New York revamps depositary receipt Web site

The Bank of New York has relaunched its depositary receipt Web site to provide issuers and advisors as well as professional and retail investors with an improved market data source.

Joseph Velli, senior executive vice president and head of worldwide securities servicing at The Bank of New York, says: "The Bank of New York is in the unique position of being the worldwide aggregator of depositary receipt information. Our Web site gives all market participants access to this breadth of data and provides powerful tools allowing for analysis and customisation of depositary receipt information."

The complete DR directory acts as a market research tool for information on over 2000 depositary receipt programs. By customising search results, users gain quick access to company information.

Key features of the site include newly designed company profiles that offer a single, integrated platform to deliver the latest company news and depositary receipt price quotes, links to depositary receipt issuer home pages as well as corporate action and dividend information. Additionally, the introduction of interactive charting allows users to chart and compare up to nine depositary receipts, stocks, indices and mutual funds with a wide range of customised charting controls.

Visitors can also receive an e-newsletter that provides periodic updates on depositary receipt market trends, news and highlights.

The Bank of New York ADR Index is accessible on the site, tracking all depositary receipts traded on the NYSE, Amex, and Nasdaq. In addition to the Composite Index, there are three regional indices, three market indices and various sector and country indices. Highlights include performance charts and tables for all 53 depositary receipt indices, detailed profiles offering daily quotes and interactive analytics.

The site also offers an enhanced DR Converter, complete with increased processing power to allow investors to interactively analyse the costs of investing in non-US securities.

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