American Depository Receipts and Shares – Frankfurt Stock Exchange Glossary
Thursday, August 12, 2010 @ 04:08 PM
American depositary receipt (ADR)
A receipt issued by an American bank for foreign shares
On NYSE and NASDAQ, investors trade ADRs instead of the shares they represent.
American depositary share (ADS)
Depositary shares by means of which the registered shares of foreign companies can be traded on the US exchanges NYSE and NASDAQ