Bank of New York revamps ADR Web site

Improved market data source comes online as trading volume for depositary receipts continues to rise.
July 03, 2001
The Bank of New York, the world's largest depositary for American depositary receipts ADRs, and compiler of the ADR Indices, has relaunched its ADR website with a raft of new features for users.

The relaunch of the information site comes as the bank reports six-month depositary receipt trading volume on the NYSE. The Amex and Nasdaq is up 21% from the first half of 2000, reaching 17 billion shares. But the number of new ADR programs, as anyone familiar with the large number of postponed deals in Asia will attest, has dropped dramatically. Non-US companies and governments from 11 countries raised $3.8 billion through 14 depositary receipt offerings in the...

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