RE:Question NYSE exchangeEBear2017 wrote: I started to invest a few month ago and I'm not familiar with all the exchange rules and process.
My question is how it will work when the NYSE will be in place for the share trade.
I mean this is the same shares , the shares trade on the NYSE will be reflected on the TSE ?
Do we have to trade to the NYSE to benefied those trade ?
Thanks
They will follow each other closely. You buy in your own market, TSX if you are Canadian or the NYSE if you are American. There is a money transfert cost of 1,5% to 2%, not sure the %, to transfert the money from Can $ to US $ when you buy an US stock then again when you sell your shares from US $ to Can $. So, if you want to buy an American stock, you have to be long unless you want to trade often, then you transfert money in an US account for stocks not listed on the the TSX. The fluctuation of the $ will also play a role if you buy stocks in a foreign market.