Question

1

What are American Depository Receipts (ADRs), why it is exists? Where it is traded?

Answer 1

ADRs are securities issued by banks which provides opportunity for american investors to invest in foreign market. It provides a easy way to gain returns from investing in stocks in foreign countries. These are negotiable securities.
It exists to serve certain purposes:
1.To safeguard the interest of American investors who invest in foreign stocks.
2. Opportunity to invest in a growing economy to benefit from higher returns

It is traded in American Stock Exchange, NYSE and NASDAQ.