American depositary receipts
What are American Depositary Receipts?
American depositary receipts (ADRs) are negotiable certificates issued by a US depositary bank representing a specified number of shares — usually one — of a foreign company's stock. ADRs trade on US stock markets as any domestic shares would.
ADRs benefits
ADRs offer investors a way to purchase stock in overseas companies that wouldn't otherwise be available, as well as giving non-US companies easier access to the US stock markets.
To learn more about ADR fees and how they are charged, read this FAQ in our Help Centre.