Hi all,
I presume the shares of one company are not homogenous across multiple markets?
So for example, HSBC is trading on NYSE at $39.24, whereas on LSE it closed today at 625.30 GBX. Converting the latter into USD, the LSE price is $7.84, which is a much lower price than the NYSE quote.
Is there an arbitrage opportunity here? For example, buy HSBC shares on LSE and immediately sell them on NYSE?
I presume the shares of one company are not homogenous across multiple markets?
So for example, HSBC is trading on NYSE at $39.24, whereas on LSE it closed today at 625.30 GBX. Converting the latter into USD, the LSE price is $7.84, which is a much lower price than the NYSE quote.
Is there an arbitrage opportunity here? For example, buy HSBC shares on LSE and immediately sell them on NYSE?
Trading the same company across multiple markets?
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