ADR / Crossbook

The Crossbook team act as intermediary between institutions wanting to effect a synthetic conversion by performing the simultaneous purchase of ADRs and sale of ‘ordinary’ shares. The Crossbook operation provides liquidity, corporate action expertise and efficient settlement capabilities for ADR/ Ordinary conversions. The team, located in London and New York, caters for both European and US-based clients and can offer access to the European, US, pan-Asian and Latin American ADR markets.