[What is All Sessions?]

On 13/01/2018 at 08:34, JamesIG said:

Stocks can be quoted and traded on a number of different exchanges and have different 'lines' or 'listings'. You could, for example, have a stock quote on the London Stock Exchange or the NYSE, but also in Germany. Apple, for example, has both a US listing and a German listing. 

 

With American stock we also offer some as 'All Sessions'. You can read more about that here, but fundamentally it means you can trade outside of the main US session. Apple, once more, is an 'All Sessions' stock. 

 

You can therefore see the following on Apple, with the first being the more widely traded. 

 

Apple Inc (All Sessions)

Apple Inc (DE)

 

What does `DE` mean?

[Trading only USD stock on ISA account. Need clarification on currency conversion]

Can someone help clarify my understanding on the currency conversion?

Background

1. I have share dealing account and ISA share account.

2. Completely new accounts created this month.

3. I intend to trade only the US stock for now.

Questions I have

1.  I made a transfer with USD to my account, referencing my ISA account id. But the money is transferred to the share dealing account, not ISA account. Is this expected? (but this probably doesn't matter as I can easily move money between 2 accounts)

2. The money is auto-converted to GBP. From my research, it seems impossible to set a base currency to USD for these 2 types of accounts. So is it correct that I cannot avoid such auto-conversion?

3. If I move GBP money to ISA account, then buy a US stock. When I sell the US stock, will I get back the money in GBP or USD? i.e. If I buy a US stock, then sell, then buy again. How many conversions will it happen?

Thank you very much for answering!