Sinotel Technologies says Hudson Securities was given approval by FINRA (US Financial Industry Regulatory Authority) to be the market maker for the company’s American Depository Receipts (ADR) last Friday.

Based in New Jersey, Hudson Securities Inc. is a subsidiary of Hudson Holding Corp. offering a full range of corporate finance and capital market services.

Hudson Securities inc. is one of the largest independent trading firms in the US and is currently a market maker for more than 15,000 US and foreign securities and ADRs.

The Westminster Securities Group, a division of Hudson Securities, will be working closely with The Bank of New York Mellon Corporation, which is Sinotel’s ADR Depositary Bank, to create a market for the Company’s ADRs.

ADRs issued by the bank will be traded at a 1 ADR for 20 Sinotel common shares ratio.