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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4726)12/19/1999 5:01:00 PM
From: stomper  Read Replies (1) | Respond to of 4969
 
steve, do the ADR's somehow get "rolled" into the U.S. paper? Or does the ADR keep trading on its own...which would seem odd if there is a NASDAQ stock also



To: steve goldman who wrote (4726)12/19/1999 5:26:00 PM
From: RockyBalboa  Respond to of 4969
 
From what I read does his question refer to Level I and higher Level ADRs.

Example: HSBC holdings - traded OTC as L I ADR with the symbol "HSBHY " with limited reporting requirements.
In July the stock has been introduced on the NYSE as HBC.

So his, and the next question is: Is the previously traded L I ADR "automatically" reorganised into the new symbol?

All is to find here:

adr.com

adr.com


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