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A record of more than 72 billion American and global depositary receipts changed hands in the first six months of 2009, an increase of 14% from the same period a year earlier, according to The Bank of New York Mellon. A total of 194 now sponsored end sponsored DR programs for issuers from 32 countries were established in the first six months of this year, the bank said. The US-listed market remained the largest DR trading market by far in the first half. the New York Stock Exchange and Nasdaq accounted for 90% of all DR trading worldwide.
Trading In Depositary Receipts Sets Record Gordon Platt Global Finance; Oct 2009; 23, 9; Docstoc pg. 20 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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