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ADR Product Suite
Do You Have the Global Reach You Need? We Do.
We recognize that our customers need proven sophisticated capabilities to achieve their global investment strategy. ConvergEx offers you a complete solution with our suite of innovative ADR solutions. ConvergEx's advanced capabilities are coupled with 24-hour support available from our dedicated ADR Desk to help you achieve best execution of your ADR conversion trades. Through our dedicated desk you can access ConvergEx's suite of patented* electronic ADR products:
ADR Direct®
ADR Direct allows institutional investors to trade ordinary shares overseas and to automatically convert those shares to ADRs in U.S. dollars. With ADR Direct, a customer settles ADRs for the ordinary share trade through the U.S. settlement system. Where the home trading market has more liquidity than the ADR trading market, ADR Direct enables customers to effectively minimize market impact, reduce explicit trading costs and maximize returns.
Reverse ADRsSM
Customers using Reverse ADRs can extend their local trading day into U.S. trading hours, continue to trade when there is news and diversity trading markets during the Europe/U.S. overlap. Customers trade ADRs in the U.S., receive a local currency conversion price in seconds and settle the trade in ordinary shares in the local currency, all according to the local settlement cycle.
ADR PlusSM
ADR Plus is a unique percentage-of-volume algorithmic strategy that allows customers to source liquidity for their ADR trades in both the overseas and U.S. markets. ADR Plus provides customers with access to deeper pools of liquidity and the ability to achieve better price execution without having to manage the ADR conversion process.
*ADR Direct, ADR Plus and Reverse ADRs include technology subject to ConvergEx’s U.S. Patent No. 7,778,896.