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What's the difference between buying a stock in US dollars via pink sheets and using Etrade's Global Trading feature to purchase directly off of various exchanges?

Thanks,
Adam
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A few things to look at...

1.The commissions may be different.
2. You'll tend to get more liquidity in the local exchange, though that's not true of all Pink Sheets-listed ADRs.
3. If you buy in local currency, you're netting out potential currency effects -- something you may, or may not, want to do.

Tim
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"If you buy in local currency, you're netting out potential currency effects -- something you may, or may not, want to do."y n

Can you explain? Seems to me that if the value goes up, it goes up. Why does the local currency matter?

Thanks,
Adam
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1.The commissions may be different.
2. You'll tend to get more liquidity in the local exchange, though that's not true of all Pink Sheets-listed ADRs.
3. If you buy in local currency, you're netting out potential currency effects -- something you may, or may not, want to do.


4. You won't pay ADR fees.

5. Securities held in foreign currencies may not be applied as marginable (check with the broker).

6. Exchanges may have different trading rules. For example, round lot requirements ma be different and limit orders may be required in some cases.
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