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Purchasing Stock on the XETRA
1. Find a brokerage account that permits international markets trading. Most brokerage accounts based in the United States do not allow for international trading as a basic feature. Ask a broker if there are additional fees or a minimum account balance needed to trade internationally.
2. Find a stock traded on the XETRA. An easy way to do this is to look at companies that trade primarily on the Frankfurt Stock Exchange, Shanghai Stock Exchange, Vienna Stock Exchange, or the Irish Stock Exchange. All of these systems use the XETRA as a major execution tool.
3. Buy the stock. Call your broker and discuss the trade you want to make or use your online brokerage's international trading website. Tell your brokerage the number of shares of stock you wish to buy and any specific market conditions, such as time of day or price limit, you would like to implement. Since it will be an international trade, specify the currency in which you would like it to settle. Await your broker's confirmation that the trade has been executed.
Buying ADRs of XETRA-traded Stocks
4. Open a brokerage account. ADRs are traded as any American stock, so you will only need a basic brokerage account that allows for equity trading.
5. Find the ADR of a XETRA-traded stock. There are two types of ADRs, those traded on American exchanges such as the NYSE and those traded over-the-counter. Exchange-traded ADRs usually are larger companies with high international volume, while over-the-counter ADRs have much less volume because they are traded only broker-to-broker.
6. Buy the ADR. Phone your broker or use your brokerage's equity trading website. Specify the ticker symbol, the quantity and any specific market conditions, such as time of day or market price, before placing your order. Await your broker's confirmation.