NAWAIWAQT GROUP
 
 
 
FFCL hires ‘market maker’
 
 
 


NEW YORK – Bank of America-Merrill Lynch has been approved by the US regulator FINRA to act as “Market Maker” for Fatima Fertilizer Company Ltd (Fatima) for its Sponsored Level 1 American Depository Receipt (ADR) programme, says a press release.
It must be noted that a year ago, in March 2011, Fatima appointed BNY Mellon, the global leader in asset management and securities servicing, as the Depositary Bank for its ADR program. Fatima’s ADRs are tradable on the over-the-counter (OTC) market in USA under the symbol “FTMFY.” Fatima became the first Pakistan based company to facilitate trading on the US OTC markets enabling both retail and institutional investors in the US and internationally to trade readily in more convenient daylight hours.

 
 
on epaper page 17
 
Topics
 
ffcl hires market maker
 
more in Business

London- British magazine, The Economist, has said that Pakistan's stock market is doing well...

Islamabad- Governor Punjab Chaudhary Muhammad Sarwar visited the residence of JUI(F) Chief M...

October 25, 2014
October 25, 2014
 
Comments
comments powered by Disqus
 
 
NAWAIWAQT GROUP