digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

Stock telegraph ticker machine by Thomas Edison

A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine.

Interpreting the symbol[edit]

Stock symbols are unique identifiers assigned to each security traded on a particular market. For example, AAPL is for Apple Inc.; OODH is for ORION DHC, Inc., and HD is for Home Depot, Inc. A stock symbol can consist of letters, numbers, or a combination of both and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape and to make it easy to recognize by traders and investors.

The allocation of symbols and formatting convention is specific to each stock exchange. In the US for example stock tickers are typically between 1 and 4 letters and represent the company name where possible. For example US based computer company stock Apple Inc. traded on the NASDAQ exchange has the symbol AAPL, while the motor company Ford's stock that is traded on the New York Stock Exchange has the single letter ticker F. In Europe most exchanges use three letter codes, for example Dutch consumer goods company Unilever traded on the Amsterdam Euronext exchange has the symbol UNA. While in Asia numbers are often used as stock tickers to avoid issues for international investors when using non Latin-scripts. For example the bank HSBC's stocks traded on the Hong Kong Stock Exchange have the ticker symbol 0005.

Symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a phonetic spelling of the company "XON" as its ticker symbol. The symbol of the firm after the merger was "XOM". Symbols are sometimes reused, in the US the single letter symbols are particularly sought after as vanity symbols. For example since Mar 2008 Visa Inc. has used the symbol V that had previously been used by Vivendi which had delisted and given up the symbol. [1]

To fully qualify a stock, both the ticker and the exchange or country of listing needs to be known. On many systems both must be specified to uniquely identify the security. This is often done by appending the location or exchange code to the ticker for example, separated by a colon or dot.

Example Vodafone Group Plc stock ticker symbol
Location Reuters ticker Bloomberg ticker Wikipedia
London Stock Exchange VOD.L VOD LN LSEVOD
Nasdaq VOD.O VOD UQ NASDAQVOD
Stock Exchange of Singapore VOD.SI VOD SP SGX: VOD

Other identifiers[edit]

Although stock tickers identify a security, they are exchange dependent, generally limited to stocks and can change. These limitation has led to the development of other codes in financial markets to identify securities for settlement purposes. The most prevalent of these is the International Securities Identifying Number (ISIN). An ISIN uniquely identifies a security and its structure is defined in ISO 6166. Securities for which ISINs are issued include bonds, commercial paper, stocks and warrants. The ISIN code is a 12-character alpha-numerical code that does not contain information characterizing financial instruments but serves for uniform identification of a security at trading and settlement.

The ISIN identifies the security, not the exchange (if any) on which it trades; it is therefore not a replacement for the ticker symbol. For instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide, and is priced in five different currencies; it has the same ISIN on each (DE0007100000), though not the same ticker symbol. ISIN cannot specify a particular trade in this case, and another identifier, typically the three or four letter exchange code such as the Market Identifier Code will have to be specified in addition to the ISIN.

Symbols by Country[edit]

Canada[edit]

In Canada the Toronto Stock Exchange TSX and the TSXV use the following special codes after the ticker symbol:

TSX "behind the dot" extensions and other special codes[2]
A-B – class of shares NO, NS, NT – notes S – special U.S. terms
DB – debenture P – Capital Pool Company U, V – U.S. funds
E – equity dividend PR – preferred UN – units
H – NEX market R – subscription receipts W – when issued
IR – installment receipts RT – rights WT – warrants

United Kingdom[edit]

In the United Kingdom, prior to 1996, stock codes were known as EPICs, named after the London Stock Exchange's Exchange Price Information Computer (e.g.: "MKS" for Marks and Spencer). Following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics (TIDM), but they are still widely referred to as EPICs. Stocks can also be identified using their SEDOL (Stock Exchange Daily Official List) number or their ISIN (International Securities Identification Number).

United States[edit]

In the United States, modern letter-only ticker symbols were developed by Standard & Poor's (S&P) to bring a national standard to investing. Previously, a single company could have many different ticker symbols as they varied between the dozens of individual stock markets. The term ticker refers to the noise made by the ticker tape machines once widely used by stock exchanges.

The S&P system was later standardized by the securities industry and modified as years passed. Stock symbols for preferred stock have not been standardized.[3]

Some companies use a well-known product as their ticker symbol. Belgian brewer InBev, the brewer of Budweiser beer, uses "BUD" as its three-letter ticker for American Depository Receipts, symbolizing its premier product in the United States. Its rival, Molson Coors Brewing Company, uses a similarly beer-related symbol, "TAP". Likewise, Southwest Airlines pays tribute to its headquarters at Love Field in Dallas through its "LUV" symbol. Cedar Fair Entertainment Company, which operates large amusement parks in the United States, uses "FUN" as its symbol. Harley-Davidson uses "HOG" for its Harley Owners Group. Yamana Gold uses "AUY", because on the periodic table of elements, "Au" is the symbol for gold. Sotheby's (the famous auction house) uses the symbol "BID".

While most symbols come from the company's name, sometimes it happens the other way around. Tricon Global, owner of KFC, Pizza Hut and Taco Bell, adopted the symbol "YUM" to represent its corporate mission when the company was spun out of PepsiCo in 1997. In 2002, the company changed its name to match its symbol, adopting the name Yum! Brands.[4]

Symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a phonetic spelling of the company "XON" as its ticker symbol. The symbol of the firm after the merger was "XOM". After Hewlett-Packard merged with Compaq, the new firm took on the ticker symbol "HPQ". (The former symbols were HWP and CPQ.) AT&T's ticker symbol is simply "T"; accordingly, the company is referred to simply as "Telephone" on Wall Street (the T symbol is so well known that when the company was purchased by SBC, it took the AT&T name, capitalizing on its history and keeping the desired single letter symbol).

Some examples of US Stock symbols include:

Formerly, a glance at a U.S. stock symbol and its appended codes would allow an investor to determine where a stock trades; however in July 2007, the SEC approved a rule change allowing companies moving from the New York Stock Exchange to the Nasdaq to retain their three letter symbols; DirecTV was one of the first companies to make this move. When first implemented, the rule change did not apply to companies with one or two letter symbols,[5] but subsequently any stock was able to move from the NYSE to the Nasdaq without changing its symbol. CA, Inc., which trades under the symbol CA, moved from the NYSE to the Nasdaq in April 2008 and kept its two-letter symbol.[6]

NYSE "behind the dot" or Nasdaq fifth-letter codes and other special codes
A – Class "A" K – Nonvoting (common) U – Units
B – Class "B" L – Miscellaneous V – Pending issue and distribution
C – Continuance – or Nasdaq exception M – fourth class – preferred shares W – Warrants
D – New issue or reverse split N – third class – preferred shares X – Mutual fund
E – Delinquent SEC filings O – second class – preferred shares Y – American depositary receipt (ADR)
F – Foreign P – first class preferred shares Z – Miscellaneous situations
G – first convertible bond Q – In bankruptcy Special codes
H – second convertible bond R – Rights PK – A Pink Sheet, indicating over-the-counter
I – third convertible bond S – Shares of beneficial interest SC – Nasdaq Small Cap
J – Voting share – special T – With warrants or rights NM – Nasdaq National Market

Single-letter ticker symbols[edit]

Unassigned letters:

Other countries[edit]

In countries where Arabic script is used, and in East Asia, transliterated Latin-script versions of company names may be confusing to an unpracticed Western reader; stock symbols provide a simple means of clear communication in the workplace. Many Asian countries use numerical or alphanumerical ticker symbols instead of characters to facilitate international trade.

  • Industrial and Commercial Bank of China – 01398 [Hong Kong]
  • HSBC – 00005 [Hong Kong]
  • DBS Bank – D05 [Singapore]
  • Jardine C&C – C07 [Singapore]
  • TonenGeneral Sekiyu KK – 5012 [Japan]
  • Toshiba Corp – 6502 [Japan]
  • China CITIC Bank Corp Ltd – 601998 [Shanghai – China]
  • Hubei Golden Ring Co Ltd – 000615 [Shenzhen – China]
  • ASUSTEK – 2357 [Taiwan]
  • Chunghwa Telecom Co Ltd – 2412 [Taiwan]

See also[edit]

References[edit]

  1. ^ a b Mantell, Ruth (3 August 2006). "Vivendi voluntarily delists from NYSE, ends ADR program". Marketwatch. Retrieved 14 January 2013. 
  2. ^ "Stock Market Terms, Stock Symbol Extension". TMX Money. Retrieved 2010-01-11. 
  3. ^ Preferred Ticker Symbols and Names – QuantumOnline.com
  4. ^ "Tricon announces name change to Yum! Brands Inc | Yum Brands". AMEinfo.com. Retrieved 2012-11-13. 
  5. ^ UPDATE 1-SEC allows Nasdaq to list 3-letter ticker symbols
  6. ^ CA Announces Move to NASDAQ
  7. ^ a b c d e f g h i j k l "Trivia - One-Letter Ticker Symbols on NYSE". The Investment FAQ. Retrieved 2 June 2011. 
  8. ^ "Intelsat IPO Gets $347.8 Million as Stock Priced Below Range". Bloomberg. 
  9. ^ a b c Wilson, David. "Zillow With a Z Will Break NYSE Grip on One-Letter Tickers". BusinessWeek. Retrieved 2 June 2011. 
  10. ^ "Loews Scores Coveted One-Letter Ticker". The New York Times. June 17, 2008. Retrieved May 25, 2010. 
  • Eckett, Stephen (ed.) (2004). The UK Stock Market Almanac 2005. Petersfield: Harriman House. ISBN 1-897597-46-0. 



Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Ticker_symbol — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
26965 videos foundNext > 

Stock Basics: What is a Ticker Symbol Definition and Meaning

A ticker symbol is a short version of a company name. Benefits of Ticker Symbols: -Every ticker symbol is unique (some companies have similar names and this ...

Ticker Symbol Tutorial

This video demonstrates how to find ticker symbols for public companies.

How To Find A Company's Ticker Symbol

http://www.howtobeastockmarketplayer.com This video shows you how to find a company's stock market ticker symbol. You can find out more about stock market ...

Soligenix, Ticker Symbol: SNGX

http://investorials.com/companies/sngx Soligenix -- ticker symbol SNGX -- is a biopharmaceutical company focused on treating serious gastrointestinal disease, ...

'The Word At Mass' (Lockheed Martin Corp) Ticker Symbol (lmt)

Contact Information: http://JesuitBlonde.com 'The Word At Mass' (Lockheed Martin Corp) Ticker Symbol (lmt) Catholic Investing 101 ©2014 The Grapevine ...

NeoStem: Ticker Symbol NBS

http://investorials.com/companies/nbs Neostem, ticker symbol NBS, is a biopharmaceutical company focused on the emerging cell therapy field, which aims to ...

How to Link a Ticker Symbol Throughout thinkorswim Desktop Software

YouTube viewers have taught TickerTank founder Nick Fenton a thing or two over the years via the comments section. In this video, Nick shares one of many ...

Kedem Pharmaceuticals Inc. Ticker Symbol KDMP.ob

Kedem is a specialty pharmaceutical company with expertise in drug delivery and formulation. The Company has developed a new formulation for drug delivery ...

McGraw Hill Financial Marks New Identity and Ticker Symbol Change

On Tuesday, May 14, McGraw Hill Financial, led by Chairman, President and CEO Harold McGraw III and members of the company's leadership team, will visit ...

Aeolus Pharmaceuticals, Ticker Symbol:AOLS

http://investorials.com/companies/aols Aeolus Pharmaceuticals, ticker symbol AOLS, is a biopharmaceutical company developing a new class of broad-spectrum ...

26965 videos foundNext > 

27580 news items

OctaFinance.com

Business Wire (press release)
Thu, 30 Jul 2015 03:30:00 -0700

SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (CAI) (NYSE:CAP), one of the world's leading transportation finance and logistics companies, today announced that it will change the ticker symbol of its common stock listed on the New York Stock ...
 
CNNMoney
Mon, 27 Jul 2015 04:03:45 -0700

US based HashingSpace Corporation's new ticker symbol (HSHS) reflects the company's growth strategy and brings value to our shareholders. HashingSpace provides hosted Bitcoin ASIC mining, Bitcoin cloud mining solutions, and Bitcoin ATM's, among ...
 
Nasdaq
Mon, 27 Jul 2015 06:41:15 -0700

PINGDINGSHAN, China, July 27, 2015 (GLOBE NEWSWIRE) -- SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq:SCOK), a vertically integrated producer of clean energy products located in Henan Province, today announced that the effective ...
 
Omaha World-Herald
Wed, 22 Jul 2015 23:04:51 -0700

Condor Hospitality Trust Inc. began trading shares on the Nasdaq Stock Exchange on Wednesday under the CDOR ticker symbol, replacing the SPPR symbol tied to its previous name, Supertel Hospitality Inc. The name change is part of the company's plan to ...
 
MarketWatch
Mon, 20 Jul 2015 09:41:15 -0700

NORFOLK, NE, Jul 20, 2015 (Marketwired via COMTEX) -- Condor Hospitality Trust, Inc. , formerly Supertel Hospitality, Inc. SPPR a real estate investment trust (REIT), announced in a press release dated July 15, 2015 that it changed its name to "Condor ...
 
CNNMoney
Mon, 13 Jul 2015 06:18:45 -0700

PF Hospitality Group, Inc. (OTC PINK: PFHS) announces a change to its ticker symbol. Effective upon the opening of trading today, Monday, July 13, 2015, PF Hospitality Group's ticker symbol, as quoted on the OTC Pink market, will change to "PFHS" from ...
 
SYS-CON Media (press release)
Thu, 30 Jul 2015 08:00:00 -0700

Starting on July 31, 2015, all company information, including stock trading, filings, and market data related to the company, will be reported under the new ticker symbol, "PFGB." The CUSIP for company's common stock will remain unchanged. Outstanding ...
 
Nasdaq
Mon, 13 Jul 2015 04:10:06 -0700

SAN FRANCISCO and GENEVA, July 13, 2015 (GLOBE NEWSWIRE) -- Amarantus BioScience Holdings, Inc. (OTCQX:AMBS), a biotechnology company focused on developing therapeutic and diagnostic products for diseases in the areas of neurology, ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight