Source: OTC Markets Group
OTC Markets Group (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 Software AG (OTCQX: STWRY; Frankfurt: SOW), a global leader in Business Process Excellence, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Software AG to OTCQX."
Software AG began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on otcqx.com and www.otcmarkets.com.
"The U.S. represents the biggest market for our products and services," stated Otmar F. Winzig, SVP Investor Relations & Compliance at Software AG. "We welcome the new opportunity for our customers and investors to buy our ADRs on a convenient and efficient trading platform."
BNY Mellon will serve as Software AG's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.