A ticker is a unique combination of letters or letters with numbers and other symbols that is us to briefly represent a security or other financial instrument on an exchange.
Tickers us to be us to transmit stock exchange information between market participants more quickly. Long company names slow down this process, so short designations were invent. Today, the presence of tickers no longer affects the spe of transmitting quotes and other data, but they are still actively us in stock trading. In particular, tickers are now us for:
- Simplifying asset identification. When you ne to quickly find a particular security in the terminal, it is easier to write the ticker rather country wise email marketing list than the full name. For example, instead of Taiwan Semiconductor Manufacturing, you can simply write TSM in the terminal search.
Stock tickers
Stock tickers are most often designat by 1–6 Latin letters. These letters usually sound similar to the company name. For example, the ticker of Sberbank’s ordinary shares is SBER, Gazprom’s shares are GAZP, and Rosneft’s are ROSN.
To designate preferr shares, the letter P is plac at the end of the ticker. Thus, the ticker of ordinary shares of Surgutneftegaz is SNGS, and the ticker of preferr shares is SNGSP. In the USA, instead of ordinary and preferr shares, there are do you ne any prior Class A securities (analogous to ordinary shares) and Class B securities (analogous to preferr shares). These designations are also indicat in tickers. For example, Berkshire Hathaway Class A shares are assign the ticker BRKa, and Class B securities are assign the ticker BRKb.
Issuers may have different tickers on different exchanges
For example, in the US, Apple Inc.’s ticker is AAPL, while in Germany, on the Hanover Stock Exchange, the company’s ticker is APC.
When companies change their jurisdiction or stock exchange, they can also change their ticker. For example, the ticker symbol of X5 Group before its “move” from Cyprus to Russia was FIVE, and after that it was chang to X5.
Tickers are not designat in Latin letters on all china business directory exchanges. In Asia, hieroglyphs are us for this. But for international investors, such designations are incomprehensible, so digital codes are also us. For example, shares of the Chinese holding Alibaba are designat by the ticker BABA on the New York Stock Exchange, and by the code 9988 on the Hong Kong Stock Exchange.
Bond tickers
Tickers are us very rarely for bonds. For example, US Treasury bonds have them: FVX for five-year bonds, TNX for ten-year bonds, TYV for thirty-year bonds. However, ISIN codes are most often us for bonds.
ISIN code is an international unique identifier of a security, consisting of 12 symbols (letters and numbers). It is not only for bonds, but also for other securities.
