Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

american shares

  • 31-12-2007 9:36pm
    #1
    pjproby
    Registered Users, Registered Users 2 Posts: 843 ✭✭✭


    is there a direct link between say the amazon share price as quoted on the Nasdaq, in dollars, and the euro price where it is quoted on the German stock exchange? Or are both prices running independently of each other?


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,652 ✭✭✭✭Victor


    I don't know for Amazon, but for some other shares, it might be 2 NYSE shares = 1 Frankfurt share. They might not actually be real shares either, I think Ryanair use Alternative Drawing Rights in the USA and shares in Dublin and London. Shares have more rights than ADRs.

    You may find a subtle difference of about 1% between markets, down to exchange rates and whatever shares are available at any moment in time.


  • #3
    xebec
    Registered Users, Registered Users 2 Posts: 3,311 ✭✭✭xebec


    I'm pretty sure ADR's are actually American Depository Receipts. As Victor says, they represent a certain number of shares in the company which are traded in dollars. A simple explanation of ADRs here.


  • #4
    pjproby
    Registered Users, Registered Users 2 Posts: 843 ✭✭✭pjproby


    thanks for the replies


Advertisement