Linkage

Linkage
Linkage occurs when an investor is able to purchase a security on one financial exchange and sell it on another. Certain depositary receipts, such as American Depositary Receipts (ADRs), allow for linkage, which means that an investor can purchase shares of a company on a foreign exchange, such as the Toronto Stock Exchange, and then sell those shares on a domestic exchange, such as the New York Stock Exchange.

Linkage should not be confused with arbitrage situations where an investor looks to profit from price discrepancies for equivalent securities trading on different exchanges. As financial markets progress, specifically with the growth of electronic exchanges spreading, the phenomenon of linkage will become more relevant and useful for investors in the future.


Investment dictionary. . 2012.

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  • linkage — [ liŋkaʒ ] n. m. • 1921; mot angl. (depuis 1874 en chim., géom.) « liaison », de to link « lier » ♦ Anglic. Génét. Liaison existant entre les gènes d un chromosome; association de facteurs héréditaires qu elle entraîne. Équiv. fr. liaison… …   Encyclopédie Universelle

  • Linkage — generally means the manner or style of being united , and can refer to:*Genetic linkage *Linkage (mechanical) *Linkage (policy) *Linkage (linguistics) *Linkage (software) *Linkage (BitTorrent client)*Linkage is also a commonly used phrase in most …   Wikipedia

  • Linkage — Album par Mami Kawada Sortie 24 mars 2010 Durée 58:07 Genre …   Wikipédia en Français

  • Linkage — Link age (l[i^][ng]k [asl]j; 48), n. 1. The act of linking; the state of being linked; also, a system of links. [1913 Webster] 2. (Chem.) Manner of linking or of being linked; said of the union of atoms or radicals in the molecule. [1913 Webster] …   The Collaborative International Dictionary of English

  • linkage — LINKÁGE CAJ/ s. n. (biol.) înlănţuire (strânsă) a genelor care se găsesc în acelaşi cromozom. (< engl. linkage) Trimis de raduborza, 15.09.2007. Sursa: MDN …   Dicționar Român

  • linkage — 1874, from LINK (Cf. link) (v.) + AGE (Cf. age). To understand the principle of Peaucellier s link work, it is convenient to consider previously certain properties of a linkage, (to coin a new and useful word of general application), consisting… …   Etymology dictionary

  • linkage — [liŋk′ij] n. 1. a linking or being linked 2. a series or system of links, slides, cranks, wheels, or gears for transmitting power or motion 3. Biol. the tendency of some genes to remain together and act as a unit (linkage group) in inheritance,… …   English World dictionary

  • linkage — linkage. См. сцепление. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • linkage — I noun affiliation, affinity, alliance, association, bond, coalescence, combination, concatenation, confluence, conjugation, conjunction, connection, coupling, hookup, interconnection, intersection, joinder, joining, junction, juncture, linking,… …   Law dictionary

  • linkage — /ˈlinkadʒ, ingl. ˈlɪŋkɪdʒ/ [vc. ingl., propriamente «concatenazione», da link «anello d una catena»] s. m. inv. (biol.) associazione …   Sinonimi e Contrari. Terza edizione

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