RE:trx.v stocks The arbirtrage was in TRX's favor by a few percentage points and that arbitrage seems to have carried over into ARZ based on the bid stack for ARZ, but none of those trades are executing for whatever reason. Only a couple of shares have been traded so who knows what's going on there.
Check to see that you received 0.1455 shares for each TRX share, and going forward, the price between ARLZ and ARZ should be based on the exchange rate; however, who knows why that arbitrage appears to be sticking around.
Another wonder is what exchange is going to drive the price of this stock, if any? With Merus, the NASDAQ gets a fraction of the volume of the TSX. One wonders how this is going to play out with ARZ.