U.S. Stock Symbol History
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.
Read more about this topic: Ticker Symbol
Famous quotes containing the words stock, symbol and/or history:
“Id rather I were dead and gone,
And my body laid in grave,
Ere a rusty stock o coal-black smith
My maidenhead should have.”
—Unknown. The Twa Magicians (l. 1720)
“There is that in meI do not know what it isbut I know it is in me ...
I do not know itit is without nameit is a word unsaid,
It is not in any dictionary, utterance, symbol ...
Do you see O my brothers and sisters?
It is not chaos or deathit is form, union, planit is eternal lifeit is Happiness.”
—Walt Whitman (18191892)
“The history of mens opposition to womens emancipation is more interesting perhaps than the story of that emancipation itself.”
—Virginia Woolf (18821941)