Hi! Please let us know how we can help. ADR is a group of riding enthusiasts ranging from National Level Riders to Pleasure Riders who enjoy riding their horses! Come and join us in 2019!
Each ADR can represent one, more than one, or a fraction of underlying shares. The relationship between the ADR and the ordinary share is referred to as the ratio. While many ADR programs are established with a 1:1 ratio (one underlying share equals one depositary share), current ADR programs have ratios ranging from 100,000:1 to 1:100.
ADRs can be found on the New York Stock Exchange (NYSE) as well as on Nasdaq. In addition, ADRs also trade Over the Counter (OTC). Brokers can access information about OTC securities through the National Quotation Bureau's (NQB) "Pink Sheets" or the OTC Bulletin Board. Trading is conducted through market makers in that particular security.