Following on the back of the successful registration of the shares of Central Securities Clearing System (“CSCS”) with the Securities and Exchange Commission, Greenwich Securities Limited filed to admit the ordinary shares of the company to trade.

The 5 billion ordinary shares of  CSCS denominated at ?1:00 per share will trade under the Financials industry sector from Wednesday, 21 May, 2014.

CSCS is the 16th security overall and the 8th financial industry security to be admitted to trade on the OTC platform.

With the listing of CSCS on the market, operators and investors can expect to see better price discovery and more transparency around transactions.  It also makes the security more acceptable to portfolio investors who before now only had an informal reference price.

Source: Proshare