There is no price adjustment done by the ASX on the SP of a CDI. The price of a CDI is calculated the same way as any other equity on the market.
The mismatch that you see between NYSE and the ASX is similar to how there is a mismatch between the ASX and CHI-X.
This mismatch of prices help create arbitrage opportunities for some investors, who profit on price differences by converting local CDIs to foreign shares or moving them between exchanges.
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There is no price adjustment done by the ASX on the SP of a CDI....
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Last
$99.72 |
Change
2.240(2.30%) |
Mkt cap ! $4.558B |
Open | High | Low | Value | Volume |
$99.20 | $99.88 | $99.20 | $3.347M | 33.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18 | $99.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$99.75 | 155 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 35 | 99.730 |
1 | 5 | 99.720 |
2 | 20 | 99.700 |
1 | 29 | 99.660 |
5 | 48 | 99.650 |
Price($) | Vol. | No. |
---|---|---|
99.760 | 372 | 2 |
99.770 | 513 | 3 |
99.800 | 377 | 3 |
99.810 | 10 | 2 |
99.820 | 40 | 2 |
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