How does it work, when one company trades on two or more stock exchanges, in different countries? Are the shares bought on the primary and secondary exchanges equivalent ? Can I buy on one, and sell on another ? What difference is there for me whether I buy on one or the other ?
Lets take hypothetical example: company ABC, based in UK, and trading on exchanges in London and New York. If I buy in New York, do I get dividends in USD or GBP ? Do I pay any currency conversion fees ?
Another example: Newcrest Mining trades officially only on Australian Stock Exchange (ASX). But I can also buy Newcrest Mining on BX Swiss, a stock exchange in Switzerland, traded in CHF. If my trading account is also denominated in Swiss Francs (CHF), and I want to minimize currency conversions, is it better to buy on ASX (in AUD) or BX Swiss (in CHF)? In which currency do I get my dividends ?
If buying on BX Swiss, do I get any disadvantage, such as lower liquidity?