Infosys is dual listed in USD on the Nasdaq (INFY) and in INR on the National Stock Exchange of India (NSE) (INFY). I do not have access to any spot INR facilities, however I do have available some NSE listed USD/INR futures. These futures allow for the currency-adjusted value of either equity to be derived. Similar price transmission studies have been discussed using prices from Glencore, RWE, Apple, and Sino-Forest, all four however using the spot FX as the pricing mechanism.
A European-listed, EUR-denominated equity would be advantageous for price transmission. Further study could include the viability of using a EUR-denominated tech sector ETF as a pricing mechanism for the risk inherent between NSE and Nasdaq trading times.
Research of this nature is, to date, inconclusive and will be continuous.
The two shares outright:
A European-listed, EUR-denominated equity would be advantageous for price transmission. Further study could include the viability of using a EUR-denominated tech sector ETF as a pricing mechanism for the risk inherent between NSE and Nasdaq trading times.
Research of this nature is, to date, inconclusive and will be continuous.
