OTCPK:WSRLF - Post by User
Comment by
john_galton Apr 23, 2013 1:42pm
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Post# 21290555
RE: RE: RE: Question
RE: RE: RE: Question The reason would be arbitrage - taking advantage of the value discrepancy between the TSXV price and the LSE price (after Fx, commissions, stamp duties on UK listed stocks, and withholding tax for non-UK residents).
The stamp duty for UK listed stocks is in excess of 50 bps I believe (not cheap). Depending on how much you are buying, I assume most brokers are going to charge you 50 bps on the fx... so this is not a cheap trade.
F777 - Assuming we are on the same page, your broker should be able to accommodate if there is a positive arbitrage opportunity (after all the costs mentioned above).
JG