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Browse: Home / MONEY / Stocks

What online brokerage will allow me to buy NYSE or Nasdaq listed stocks on a foreign exchange such as London?

stewartjm_2000: What online brokerage will allow me to buy NYSE or Nasdaq listed stocks on a foreign exchange such as London?
or Japan and sell them the next day on the NYSE or Nasdaq in an effort to profit from before market open or after market close earnings anouncements?

Answers and Views:

Answer by muncie birder
I believe Interactive Brokers might, but you will have to check with them to make sure. They do allow trading on several European exchanges including London.

Here is the link:

Answer by Yardbird
Interactive brokers allows you to trade on foreign exhanges. But I don’t think you can buy a stock on a foreign exchange and sell it on a US exchange. The foreign and US stocks, even for the same company, have different tickers. You could probably still do the arbitrage by buying on one exchange and selling short on the other, but trading fees would destroy your profits. The big brokerages have full time people doing the arbitrage just as you describe, and they prevent any serious price discrepancies from arising.

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