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OTC Markets Group Welcomes ADVFN to OTCQX®
|By PR Newswire
|August 21, 2014 07:00 AM EDT
NEW YORK, Aug. 21, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that ADVFN plc (LSE: AFN; OTCQX: IHUBY), owner of popular small-cap investor website Investors Hub, has qualified to have its American Depositary Receipts (ADRs) trade on OTCQX®, the best marketplace.
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ADVFN begins trading today on OTCQX under the symbol "IHUBY." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"ADVFN's Investors Hub website has built one of the nation's most active small-cap investor communities, helping individual investors research and track stocks and connect with each other online for over 14 years," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are proud to welcome ADVFN to our family of established, shareholder-friendly companies on OTCQX."
Clem Chambers, ADVFN's CEO, said, "ADVFN is thrilled to be traded on OTCQX. In the last 12 months, the investorshub.com website had 22 million unique users who are avid small-cap and growth company investors and over 1 billion page views. Trading on OTCQX gives our huge U.S. user base an opportunity to own a piece of their favorite website."
Aegis Capital Corp. serves as ADVFN's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
ADVFN Plc, owner of Investors Hub, is principally engaged in the development and provision of financial information primarily via the internet and the development and exploitation of ancillary internet sites.
The company operates a global stocks and shares information website that provides stock prices and tools for all major world markets, indices, forex pairs, futures, options, ETFs and covered warrants. Its website provides streaming charts, real-time quotes, financials, monitor watch lists, news and research and portfolio data.
Investors Hub, a small-cap investor community and a wholly-owned subsidiary of ADVFN since 2006, has been online for over 14 years and currently has 493,096 members who have posted 105,254,156 messages on 23,629 boards. Members currently write on average 40,000 new messages each trading day, according to the company.
Revenues from Investors Hub accounted for about one half of group revenues for fiscal 2013.
As of April 2014, the company ranked No. 9 in North America by page traffic by comScore, an internet technology company that measures navigation activity in the digital world.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) 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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SOURCE OTC Markets Group Inc.
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