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Share price difference between ISE and NYSE

irishguy · 2007-11-14 19:55:37

Can anyone tell me why share prices and share volumes are different between the ISE and NYSE. Take AIB for instance today on the ISE there share volume is 880,602,066 @ 14.375 per share. While on the NYSE the share volume is 587,134.00 @ 43.37 per share. Why the big difference ??

14-11-2007 7:55pm

#1

irishguy

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Can anyone tell me why share prices and share volumes are different between the ISE and NYSE. Take AIB for instance today on the ISE there share volume is 880,602,066 @ 14.375 per share. While on the NYSE the share volume is 587,134.00 @ 43.37 per share. Why the big difference ??

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#2 15-11-2007 11:13am

Marathon_Man

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The main listing for AIB is on the ISE. Shares are quoted in €.

The shares on NYSE are called ADR's which are equivalent to a number of the shares quoted on the ISE. These are in $.

Lots of foreign companies do this to allow their shares to be traded on multiple exchanges.

http://en.wikipedia.org/wiki/American_Depositary_Receipt

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