Building a bourse for a man of the world

Listing unsponsored depositary receipts for foreign companies on the local bourse, as Elmer Funke Kupper suggests, would greatly benefit the local market… and finally help BHP Billiton and Rio Tinto realise an effective arbitrage.

Elmer Funke Kupper has revived the ASX ambition of allowing Australian investors to trade foreign company securities on the Australian exchange.

The plan to list unsponsored depositary receipts was one of Funke Kupper’s first initiatives when he became chief executive of the ASX in late 2011 but was thwarted when the Australian Securities and Investment Commission opposed the concept.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles