JP Morgan has a maximum total number of ADRs they can release on Nasdaq. Whenever they want to balance/arbitrage, they can simply buy MSB shares to hold as collateral, and then sell ADRs as long as they don't exceed the maximum # of allowed ADRs.
JP Morgan has a maximum total number of ADRs they can release on...
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Last
$1.31 |
Change
0.040(3.16%) |
Mkt cap ! $1.490B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.32 | $1.26 | $3.433M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39558 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 21776 | 3 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |