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ADR Direct

SM

Do You Have the Global Reach You Need?  We Do.

We recognize that our clients need breadth and reach in their investment strategy. We offer you a complete, innovative solution with ADR DirectSM, our web-based platform that allows institutional investors to trade ordinary shares overseas and automatically convert those shares to ADRs in US dollars. With ADR Direct, you can settle the ADR portion of your trade through the US settlement system. And when the home trading market has more liquidity than the ADR trading market, ADR Direct seeks to cost-effectively minimize market impact, reduce explicit trading costs and maximize your returns.

Best Execution for Your ADR Trades.

Direct Market Access — With our advanced global equity execution and clearing technologies, you’re able to trade directly and anonymously across non-U.S. equity markets and connect through your OMS or EMS. Our patent-pending process automatically converts ordinary shares to ADRs and receives a net ADR price and net ADR money in seconds.

Foreign Exchange Trading Engine — ADR Direct utilizes a foreign exchange trading engine that displays the best live price from competing liquidity providers. Unique to the ADR market, our clients are not captive to one provider. Each time you wish to do an ADR conversion, foreign exchange providers blindly compete for your business. To minimize foreign exchange risk for each trade, you can execute multiple contracts and receive one average foreign exchange price.

ADR Direct Desk — To ensure that our clients understand the nuances of ADR conversion trading we have a 24-hour ADR Direct Desk where you can gain expertise directly from a member of our professional team. This is available to our broker-assisted clients and those who want to process their trades and conversions themselves. The ADR Direct Desk also provides access to overseas trading liquidity, conversion liquidity points, swap markets, odd lot and buy-in trading markets, corporate action issues and securities borrowing.

ADR/International Wrap — For situations where sponsoring brokers cannot effectively manage ADR conversion trading, ADR Direct can function as the “step out” broker on behalf of the advisor. ADR Direct has built-in middle and back-office functionality to allocate and settle converted ADRs as if the trade took place in the US. We can also be another important liquidity source for sponsoring brokers.

To learn more about ADR Direct, please call 212-237-0447.