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.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have 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 complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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 proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles