Nov. 15, 2012
/PRNewswire/ -- EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that its shares are now trading on the OTCQB marketplace with the display of complete real-time Level 2 bid and ask price and size data. The real-time Level 2 data is being provided by EMRISE through its subscription to OTC Markets Group's Real-Time Level 2 Quote Display product. The Real-Time Level 2 Quote display will also be available to stockholders and potential investors on the Stock Quote page of the Investor Relations section of the EMRISE CORPORATION web site.
EMRISE shares trade on the OTCQB through OTC Markets Group's OTC Link® Alternative Trading System (ATS), and the shares no longer trade on the OTCBB quotation system. According to OTC Markets Group, over 900 publicly traded companies have recently moved from being dually quoted (OTCBB and OTC Link ATS) to being quoted exclusively on the OTC Link ATS platform.
Real-Time Level 2 Quotes displays the price and the number of shares available at that price for each broker-dealer's bid and ask quote, thereby providing stockholders and potential investors greater pricing and liquidity transparency than would otherwise be available.
Chairman and Chief Executive Officer
Carmine T. Oliva
said "Many market makers and broker-dealers prefer online electronic trading systems, such as the OTC Link ATS, over the telephone-based OTCBB system. Because of this we view EMRISE's move to the OTCQB marketplace as a positive change for our stockholders, especially with our addition of the Real-Time Level 2 Quote Display to the OTCQB price quotation for EMRISE shares on the OTC Markets website and on our Company website.
"We believe this will help make trading our stock more efficient, and it should also help attract greater investor interest due to the availability of transparent pricing information and a better indication of the potential available liquidity in our stock," Oliva added.