ADR vs ordinary share arb
Cross-ListedNeutral
Trade ADR price vs underlying foreign listing in local currency; FX-adjusted spread
Source: Standard
Alibaba HK vs NYSE ADR
Cross-ListedNeutral
Fungible ADR/HK shares; trade convergence after time-zone gap
Source: Standard
BHP Group dual-listed arb
Cross-ListedNeutral
Pre-2022 BHP was DLC AU/UK; arb on premium (now unified)
Source: DEBUNKED post-2022
Brazilian ADR vs Bovespa stock
Cross-ListedNeutral
Petrobras Vale ADRs vs BRL-denominated; arb FX-adjusted spread
Source: EM
Carnival Corp/PLC DLC arb
Cross-ListedNeutral
Active DLC structure; periodic premium dislocations
Source: Active
Israeli ADR-TASE arb
Cross-ListedNeutral
Teva Check Point dual-listed; arb pricing across Tel Aviv and NYC sessions
Source: Israel
Rio Tinto Plc vs Limited arb
Cross-ListedNeutral
Dual-listed company structure; persistent premium tradeable but capital-intensive
Source: Active
Royal Dutch Shell A vs B share arb
Cross-ListedNeutral
Historical fungibility play; trades when premium widens (mostly DEBUNKED post-unification 2022)
Source: Historical
Tencent vs Tencent Music ADR
Cross-ListedNeutral
Arb implied stub value of parent vs subsidiary; sum-of-parts trade
Source: HK-ADR
Unilever NV vs PLC arb
Cross-ListedNeutral
Same as RDS pre-unification; arb on premium decay (DEBUNKED post 2020 unification)
Source: DEBUNKED
An encyclopedia of publicly documented strategies for education. YCAI does not recommend, endorse, or trade any of these. Not investment advice.