Stock Exchange | File Exchange Symbols - Secrets About The Symbols File

Change is my file On?

Today, stock exchange symbols (based on the length re ') I can not even say that a stock exchange shares are traded on. Sorry. It would be a little cold, but if I could, right?

But why do I bring it up?

Because not long ago, you could. In fact, this has only changed recently (a few years ago) in 1997.

Therefore, before 1997, which were really able to tell whether an action was in the New York Stock Exchange. The New York Stock Exchange was the first bag and because of this, the first companies began trading on the exchange. These boards all was one or two letters.

After the New York Stock Exchange was the AMEX. Companies are now three points were awarded stock exchange symbols. These shares were placed on the AMEX (American Stock Exchange) and the NYSE (New York Stock Exchange). So every company (pre 1997) with a three-letter symbol either traded on the AMEX and NYSE.

Do not forget the NASDAQ (National Association of Securities Dealers automated quotations). At that time, any symbol of the action with more than three letters are traded on this exchange.

What happened?

So a law was passed where companies can change, that are traded on the exchange. However, we didn 't just wake up one day and everything was different. Indeed, it was a. ..

Slow change

The first constraint is allowed up to three cards stock symbols that were in the New York Stock Exchange, moving to the NASDAQ and keep the same symbol.

Of course, relaxation of the policy and business in a short time more freedom to move to Exchange.

Now, companies can move from NASDAQ to the NYSE, whatever the weather 're symbol. As you know, the New York Stock Exchange is the most prestigious of all exchanges. So obviously, they don 't mind if some companies fail.

So with all this moving around, the company now hosts NASDAQ under the symbols of one to five letters.

Reason longer Tickers

Many symbols bag with one to four letters. However, you do see some with five cards.

Why exactly is this?

The fifth card represents something about the company re '. It gives you a little inside information.

Although many people today can not say that they trade on the market, with five actions letter, you can. If there is a period prior to the last letter (or the last two letters), which is in the New York Stock Exchange and if no period is on the NASDAQ.

You can also view the four symbols of the letter with a point near the end. The previous letter still means the same thing.

Well, what does the additional symbol mean?

As you might imagine, there are many things that could represent. For example, "X" means "investment fund", "F" means "foreign" and "E" means "criminal with the SEC."