BROKERAGE firms that trade stocks in foreign markets Message Board

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Strategies & Market Trends : BROKERAGE firms that trade stocks in foreign markets

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To: Jethro who wrote (4)	4/19/1998 2:21:00 AM
From: Frank Xu	Read Replies (1) of 16

Jethro This is true only with OTC ADRs (Due to their market makers' manipulations). ADRs traded on NYSE or Nasdaq under normal situation will eventually catch up to their prices closed at their respective foreign exchanges (I'm talking about Asian stocks). If there are any difference in prices (either at a premium or discount), you will have room to arbitrage. I keep track a list of ADRs just for arbitration purposes. Frank

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