Business
FRNT Financial Receives DTC Eligibility Approval for U.S. Trading
FRNT Financial Receives DTC Eligibility Approval for U.S. Trading Canada NewsWi...
About this update from Frnt Financial, Inc.
[{"type":"text","content":"\n \n \n \n FRNT Financial Receives DTC Eligibility Approval for U.S. Trading\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 16, 2022\n \n \n /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTC PINK: FRFLF) (FSE: XZ3) (\"FRNT\" or the \"Company\"); a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency and emerging asset classes, is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (\"DTC\"), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the\n \n United States\n \n .\n \n \n FRNT's common shares are now fully DTC eligible and will continue to trade in the United States under the ticker symbol \"FRFLF\" on the OTC Pink. Through an electronic method of clearing securities, DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company's common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.\n \n \n Stéphane Ouellette, CEO and Co-Founder of FRNT Financial stated: \"We are pleased to receive DTC eligibility which will simplify the electronic settlement for US based investors and enhance the ability of these investors to participate in our Company's growth. We view this as a first step in expanding our presence in the US capital markets as we continue to enhance our share liquidity and drive value for our shareholders.\"\n \n \n \n About FRNT Financial Inc.\n \n \n \n FRNT Financial is a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency and emerging asset classes. The Company intends to present a new set of opportunities targeted to permitted clients and institutional investors while maintaining a lean, technology-forward operation. FRNT is focused on delivering exp...