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immibisyesterday at 4:03 PM2 repliesview on HN

Surprisingly, no - moving a stock from one exchange to another is a lot harder than selling on one and buying on another (and slower, and more costly for small quantities), so stocks are surprisingly immobile. Only if you really had to, would you move them. And most stocks have one particular home exchange and there's no reason to trade them anywhere else than the one place that has the highest volume and lowest spreads for that stock.


Replies

bigthymeryesterday at 5:23 PM

> there's no reason to trade them anywhere else than the one place that has the highest volume and lowest spreads for that stock.

Norbert's Gambit is a good reason. It is potentially the cheapest way to effectively do a currency exchange.

[1] - https://www.finiki.org/wiki/Norbert%27s_gambit

danielmarkbruceyesterday at 5:43 PM

There are reasons for the listing company to not want to be listed on an exchange though.