Question for all
So it is a holiday here in Canada, the market is closed for family day, and I could be wrong but I think the markets are open in the US. Someone on this board (Poet I believe), said that as he is in the US, he trades WM on a different exchange, (WLBMF) and there might even be other exchanges people can trade it on.
My question is: are these different exchanges linked? For example, today if some serious buying took place and WM soared on the American exchange(s) would that be refected on the Toronto exchange tommorrow? And if so, couldn't that lead to some seriously unfair advantage for one country's investors over the others?
For example, lets just say some huge institutional buying took place today on the WLBMF exchange and drove it up to .40 cents over the course of the day. Would it then open at .40 for us the next day and we would all have missed to opportunity to buy on the way up?
I realize my scenario is not a likely one, but I am just trying to understand how this all works with different exchanges and holidays. If anyone has knowledge on this any light you can shed on it would be greatly appreciated. :)
Jefe