Anyone knows what is ADR? For example, if a stock in sgx is listed here, at the same time it had Adr in another exchange, is there any linkage between these 2? For example, enable of riskless artibrage.
Any material difference between dual listing Vs single listing + ADR listing in another country?
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American Depository Receipt (ADR)
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Re: ADR
by kennynah » Mon Aug 24, 2009 3:04 pm
ADR stands for American Depository Receipts
In my knowledge, ADR is not considered as a listing in the US exchanges. It merely means that an institution, such as a bank, purchased a sizeable quantity of the stocks from its listed exchange, and places it out in US exchange for trading. One of the reasons for this, is the ease of access to such a stock for the american public. using Rolls Royce as an example, you will understand that it is not as easy for an american to open a brokerage account in London just so he can buy some RR stocks, as if this was available for trading as an ADR.
Abitrages can happen, perhaps in a split second.... there's no free lunch in this world. computers track the differences in prices due to fx fluctuations...and opportunities are seized within a nano-second...
i am not certain if ADRs attract dividends and possess exact similar characteristics as a stock... u need to google for all info, if say you intend to buy hyflux or chartered semicon from an american exchange
In my knowledge, ADR is not considered as a listing in the US exchanges. It merely means that an institution, such as a bank, purchased a sizeable quantity of the stocks from its listed exchange, and places it out in US exchange for trading. One of the reasons for this, is the ease of access to such a stock for the american public. using Rolls Royce as an example, you will understand that it is not as easy for an american to open a brokerage account in London just so he can buy some RR stocks, as if this was available for trading as an ADR.
Abitrages can happen, perhaps in a split second.... there's no free lunch in this world. computers track the differences in prices due to fx fluctuations...and opportunities are seized within a nano-second...
i am not certain if ADRs attract dividends and possess exact similar characteristics as a stock... u need to google for all info, if say you intend to buy hyflux or chartered semicon from an american exchange
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Re: ADR
by millionairemind » Mon Aug 24, 2009 3:11 pm
Sid,
Try Investopedia. It is a pretty good source of information.
http://www.investopedia.com/terms/a/adr.asp
Hope this helps.
mm
Try Investopedia. It is a pretty good source of information.
http://www.investopedia.com/terms/a/adr.asp
Hope this helps.
mm
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: ADR
by greenhoney » Mon Aug 24, 2009 4:13 pm
they do pay out their dividends to holders of ADRs and IF i am not mistaken, the voting rights of a holder of ADRs is not the same with that of a common share holder of the stock in the original listed country.
this is one of the banks in the US that does ADRs.
http://www.adrbnymellon.com/dr_edu_basi ... nefits.jsp
this is one of the banks in the US that does ADRs.
http://www.adrbnymellon.com/dr_edu_basi ... nefits.jsp
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Re: ADR
by kennynah » Mon Aug 24, 2009 8:04 pm
no need to know all.... know those very well that you wana trade in...everything else is just noise...
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Re: ADR
by kennynah » Tue Aug 25, 2009 12:07 pm
greenhoney....
yes,,,, just broke up with him last night.... cant stand the violence
yes,,,, just broke up with him last night.... cant stand the violence
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.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: ADR
by greenhoney » Tue Aug 25, 2009 12:09 pm
but you been with him for at least 400 years, has he always been abusive? leonardo seems like such a nice guy.
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Re: ADR
by kennynah » Tue Aug 25, 2009 12:12 pm
brudder...leonardo's dead a long time..... was referring to the curator
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