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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (29271)	11/24/1997 7:37:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 58727

Steve_ are you writing a thesis or something? You're all over SI asking questions.. good for you. Anyway, to attempt an answer: A. on the trading floor they are time consumed with filling orders which is more than running stock from account c>d. As in any business they have a lot of accounting to do, creation of derrivatives, watch their own level of committment and risk to make your trades possible. Its not just a job, its an adventure. B: from Bankers Trust "A Depositary Receipt (DR) is generally a tradeable instrument, usually but not necessarily listed on an internationally recognised stock exchange, which is issued by a depositary to an investor. The DR evidences the deposit of the underlying security with a local custodian appointed by the depositary. Additionally, it displays the terms and conditions upon which such securities are to be held by the custodian for and on behalf of the investors. An "international" offering in DR form is distributed to international investors by a global syndicate of financial institutions. What form do DRs take? DRs have been issued both in definitive bearer form with coupons attached and in registered form. However, following the trend towards "dematerialisation", they are increasingly created in registered globaln ote form and held in nominee names within the clearing systems, through which records of ownership are maintained. The markets in which the DRs are intended to be sold or traded are reflected in the name; thus Global Depositary Receipts (GDRs), which are usually in registered form, are directed at international investors including Euromarket and certain US investors. International and European Depositary Receipts (IDRs and EDRs respectively) are intended largely for Euromarket investors, whilst American Depositary Receipts (ADRs) have been created for US investors wishing to invest in the shares of non-US companies." Hope this helps... if not buy one, you'll find out very quickly. Just kidding. Ouch.. looking a little negative this morning on Globex. Jim