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Monday, 02 November 2009 14:00 |
Pink OTC Markets Announces Proposed Amendments to OTCQX Rules:Proposed Changes Strengthen Listing Standards of the U.S. OTC Market’s Highest Tier NEW YORK, November 2, 2009 - Pink OTC Markets Inc. is pleased to announce proposed amendments to the OTCQX Rules which strengthen the listing standards of the OTCQX marketplace. The amended rules modify the financial eligibility requirements for all OTCQX companies and will become effective on February 1, 2010. The introduction of enhanced quantitative standards will benefit all OTCQX participants by further improving the overall quality of the marketplace. Investors prefer the quality-controlled listing process on OTCQX to easily identify OTC companies focused on valuation and transparency. The new OTCQX rules establish minimum financial eligibility standards that are easily understood and provide investors an objective measure to distinguish the best securities traded over-the-counter. The OTCQX marketplace is the premier tier of the U.S. over-the-counter market. Leading international companies and compliance-driven U.S. companies use the platform to provide a better market for their shareholders than the OTCBB or Pink Sheets. There are 73 companies currently listed on OTCQX with a combined market capitalization of over $450 Billion. Details of the proposed changes are available at the following links: New OTCQX Rules, Effective February 1, 2010:View the complete OTCQX Rules for U.S. Companies, Effective February 1, 2010.View the complete OTCQX Rules for International Companies, Effective February 1, 2010.View the complete OTCQX Rules Release #5. About Pink OTC Markets Inc.Pink OTC Markets Inc. (Pink Sheets: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the over-the-counter, or OTC, securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets’ products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at
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. Pink OTC Markets is headquartered in New York City.
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