Page 9 - Citi Depositary Receipts Year-End 2014 report

5 Year-End 2014 Report| Global DR Trends
Top Ten Most-Liquid Programs1
(As Measured by Trading Volume)
Top Ten Most-Liquid Programs1
(As Measured by Trading Value)
DR Liquidity (continued)
Issuer Country Exchange 2014 Volumes
(DR Millions)
Petroleo Brasileiro SA Brazil NYSE 10,249
Vale SA Brazil NYSE 7,430
Gazprom OAO Russia LSE 6,787
Sberbank of Russia Russia LSE 4,667
Nokia OYJ Finland NYSE 4,582
VTB Bank OJSC Russia LSE 3,529
AMBEV SA Brazil NYSE 3,071
Oi SA Brazil NYSE 3,039
Itau Unibanco Holding SA Brazil NYSE 3,005
Cemex SAB de CV Mexico NYSE 2,781
Issuer Country Exchange 2014 Values
(USD Billions)
Alibaba Group Holding Ltd China NYSE 195
Baidu Inc China NASDAQ 172
Petroleo Brasileiro SA Brazil NYSE 141
Vale SA Brazil NYSE 88
Qihoo 360 Technology Co Ltd China NYSE 67
Vodafone Group plc UK NASDAQ 65
BP plc UK NYSE 64
Teva Pharmaceutical Industries Ltd Israel NYSE 62
Shire plc Ireland NASDAQ 62
Royal Dutch Shell plc Netherlands NYSE 56
Source: Bloomberg Financial Markets and Depositary Data Interchange
Source: Bloomberg Financial Markets and Depositary Data Interchange
1Data as of December 15, 2014.