Post by
gje2 on Apr 18, 2012 10:34pm
Question
Sorry to be off topic, but I'm hoping someone can answer. If a stock has multiple listings, for example Galway is GWY.V and GWYRF.PK. Can I purchase one and somehow convert to the other if there is a significant price mismatch (arbitrage), or are they restricted to their respective exchanges? Thanks in advance.
Comment by
Dansul on Apr 19, 2012 7:35am
What do you mean withe the word "Covert"? You will need to accounts one with $US account and you will need to sell GWY from the $CAD account and buy from the $US account GWYRF:PK Finally, it is not worth it because you will end up paying fee transfere $CAD to $US and fee for the trasaction selling and buying. GL, Dan
Comment by
gje2 on Apr 19, 2012 10:02am
Ok, thanks. I noticed something with a 45% spread, hence the Q and wondering how to take advantage. Not GWY obviously. Getting restless waiting for the update.
Comment by
Dansul on Apr 19, 2012 10:29am
gje2, I am not sure which stock you are talking about, but you should contact your financial advisor or the trading institution by phone, since $US is involved and currency transfer is needed. Good luck Dan