The Bank of New York announced today that it was adding a daily ADR Market Round-Up to its depositary receipt website, adrbny.com. The idea is to provide ADR investors with both equities-focused financial news from Europe and Asia, including daily trading highlights, summaries and market commentary.
“The DR Market Round-Up provides a direct news source for adrbny.com users who want to stay informed about recent performance and current trends
within
the depositary receipt marketplace,” says the bank. “Each edition spotlights market movements for non-U.S. companies with depositary receipt programs and includes corporate announcements, evaluations of economic indicators and the resulting impact on The Bank of New York ADR IndexSM. The DR Market Round-Up is sourced by AFX News Ltd. (AFX), a wholly-owned subsidiary of Agence France-Presse. AFX provides global news coverage of financial markets, companies and economies to professional
and private investor communities and specializes in building
real-time
business
and
financial
news
services
in market-oriented editorial styles.”
Joseph M. Velli, senior executive vice president and head of Worldwide Securities Servicing at The Bank of New York, says: “The DR Market Round-Up is the perfect complement to our broad range of recent online enhancements and overall depositary receipt services.
This added content further demonstrates our continuing commitment to deliver timely and value-added information to our online constituents, including the Bank’s depositary receipt clients, their investors and the trading community. It is clear that adrbny.com is the definitive source for all depositary receipt market intelligence.”