InvestorsHub Logo
Followers 1
Posts 686
Boards Moderated 0
Alias Born 03/09/2017

Re: None

Saturday, 05/26/2018 1:10:05 PM

Saturday, May 26, 2018 1:10:05 PM

Post# of 1724
I talked to a guy at Schwab yesterday about why they charge a $54.95 commission to trade this stock. He said because it is not an ADR, so it is a foreign exchange trade. I mentioned that Etrade charges its usual $6.95 to trade it, but that didn't mean anything to him. Given that trades occur during US market hours, clearly this is not occurring on the Australian market. I know it is also listed in Canada now, but it was this way before that. The guy I talked to sounded pretty junior and he was just repeating what his superior told him. I think I may push back. On the Schwab quote it shows the market "OTCQX - International," which is something that is supposed to facilitate trading of foreign companies in the US. Here is more info on that: https://www.otciq.com/services/otcqx-international