GDR trading now possible over Liquidnet

Liquidnet sent a note to its members on Monday saying that it is now possible to trade global depositary receipts (GDRs) through its crossing network.
By None

Liquidnet sent a note to its members on Monday saying that it is now possible to trade global depositary receipts (GDRs) through its crossing network.

According to the firm, the initial offering of GDRs will give users access to investment opportunities in 26 new markets including Russia, India, Egypt, Taiwan and the UAE. The GDRs are all LSE-listed, issued under Regulation-S, US dollar traded, and settled via Euroclear.

The addition of GDRs takes Liquidnet’s global coverage to 55 markets.

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