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Cross Listing

  • 04-05-2011 1:55pm
    #1
    Man From Delmonte
    Registered Users, Registered Users 2 Posts: 13 ✭


    Hi Everybody,

    I'm new around these parts. Last year I signed up for a Share purchase scheme through my place of work, basically buy shares....and 3 yrs from now they match 1:1 for the amount of shares you purchase for free.

    So for the last year I've been reading up on how shares and the stock market work and I'm going to start a little investment portfolio for myself. Ive read the 'A Random Walk Down Wall Street' book cover to cover and other such books!

    At the moment I'm reading a bit about Cross Listing but I'm wondering if some one can explain it to me a bit more. Ive read about the advantages and disadvantages.......but if a company's share price increases in one stock exchange will it increase in the other stock exchanges its listed by the same %? If not then why not since there basically the same underlying stock?

    Any other info on this you think would be useful for me is greatly appreciated.


Comments

  • #2
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    To put it simply, cross listed securities will generally trade very close to each other then you factor in the currency differences. What you have to be careful of is that a share one one exchange may not correspond exactly to a share on another exchange (voting rights, number of share, taxation treatment, etc. can all mean there are discrepancies that aren't always obvious).


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