sultanoflondon
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Hi all,
I presume the shares of one company are not homogenous across multiple markets?
So for example, HSBC is trading on NYSE at $39.24, whereas on LSE it closed today at 625.30 GBX. Converting the latter into USD, the LSE price is $7.84, which is a much lower price than the NYSE quote.
Is there an arbitrage opportunity here? For example, buy HSBC shares on LSE and immediately sell them on NYSE?
I presume the shares of one company are not homogenous across multiple markets?
So for example, HSBC is trading on NYSE at $39.24, whereas on LSE it closed today at 625.30 GBX. Converting the latter into USD, the LSE price is $7.84, which is a much lower price than the NYSE quote.
Is there an arbitrage opportunity here? For example, buy HSBC shares on LSE and immediately sell them on NYSE?
