NEW YORK, July 15, 2011 /PRNewswire/ -- OTC Markets Group Inc. (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 Swiss Re Ltd (OTCQX: SSREY; SIX: SREN), a global reinsurer, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Swiss Re 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 www.otcqx.com and www.otcmarkets.com.
"The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Swiss Re to OTCQX."
J.P. Morgan will serve as Swiss Re's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Swiss Re Ltd
Swiss Re Ltd (OTCQX: SSREY; SIX: SREN) trades in the United States on OTCQX under the symbol "SSREY", where each ADR represents 1 ordinary share. The company is a holding company for Swiss Reinsurance Company Ltd (and its subsidiaries), a global reinsurer. Operating in more than 20 countries, and with a presence on all continents, Swiss Re is one of the world's largest and most diversified reinsurers.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.