@KevinC I also bought the ADR, I was not aware that there are two different ones. Do you think I should sell now and buy the BATS? Is there a disadvantage? Advantage ?
@Alfred16 f the issuing bank or stock exchange goes bankrupt, the ADRs are worthless. ADRs are not tangible assets like shares, but a certificate and therefore a financial product. The issuer can therefore also liquidate the ADRs and thus trigger a forced sale.