So let me get this straight... someone has to change their shares to be registered on ASX before they can be traded? Over time more shares will be made available on the ASX due to brokers etc moving them across and offering them?
So the arbitrage opportunity can only be taken advantage of currently if one can short/sell shares on the ASX (and buy them back on the NZX). The opportunity to do this would be very limited at this stage due to limited shares being registered on ASX...
Only spitballing here, I don't know the mechanics of all this. Can anyone correct me?
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