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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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