ARB MUST STAY LISTED ON LSE3 Feb 2021 09:25
You will also not that on many occasions the price has risen in London toward the US open and then the US has slumped as soon as it opened because it gapped up. This phenomenon of gap up and slump is very common with US stocks.
The US listing also has much less volume than the LSE and more thinly traded listings tend to move about more than more heavily traded ones.
One of my other investments, ECO is listed on both the TSX and LSE and the price in Canada was higher than on the LSE by about 10 percent for a while, but only when it didn't matter. When the rubber hit the road on drill results the bid price rocketed on the LSE and investors could sell above 200p. The best the Canadian investors ever saw was 170p, so when it really mattered it was the LSE investors that did best. Having MMs can have a huge benefit at times like that.
Note also that RNS news is released in London at 07:00 so UK investors have 6.5 hours of main market time to react and reposition themselves before anyone in the US gets a look in. HUGE advantage.
Also, don't forget that ARB tracks BTC price and BTC is 24/7. LSE main hours are longer than OTC and together they cover a greater percentage of BTC trading hours which should help ARB track the market better. It also gives those with access to both markets the opportunity to react to moves in BTC over a bigger time window. What if BTC suddenly starts crashing 50% at 11:00 GMT in December? If there was no LSE listing and you had to wait until the US opened instead of reacting as the price began to fall. You'd be ... what's the word ... PHUCKED.
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