It is not uncommon to find the same Stock symbol for two or more companies. This happens when the symbol from the first company with the symbol is retired after an acquisition, or the termination of business. Their Stock Market data is not deleted. Instead it us usually available using the same symbol. CSI data supports the same symbol access, but it also provides a CSI-Number that can be appended to the Symbol so a user can access a specific company using the same symbol Plus the CSI-Number as a more accurate data access history.
When a second company wants to go public and request the same symbol that was assigned to a previous company that is no longer active on the exchange, the second company's request In most cases will be granted to to use the same symbol. the previous company's data history can be used with the later company using the same symbol, so an additional factor is needed to ensure the history returned is for the company needed.
Same Stock Symbol + Number Example: |
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The stock symbol ABI has belonged to three different companies, and all three are now delisted. ABI American Bankers Insurance Group #8075 ABI Applera Corp #19145 ABI Safety First Trust Principal-Protected #108003 |
In the three same symbol example above, each ABI symbol has an a Single-Quote Symbol as its last character. Symbols with a single quote mark are for delisted symbols. This means if the ABI symbol were to be used by a fourth company, and it was actively trading, the single quote mark would not be appended to the symbol.
To ensure the data you have in your stock portfolio is the company name you expect. For CSI's Data Service using Unfair Advantage, this means use the symbol with the CSI symbol number to identify the specific company that is using the symbol you add to you list of stocks. Adding the CSI Number to stock symbols ensures the company you selected will be in your portfolio and it will be updated with the correct market data while the company is still operating.
This tab display in the Edit Portfolio section of Unfair Advantage allows the user to connect symbols to CSI company identifiers. When Trading Blox
builds its Stock Dictionary, it will use the record symbol and the connected company number to identify the data file that Unfair Advantage is maintaining in you data folder.
Note:
Earlier versions of Unfair Advantage didn't put an underscore character "_" between the symbol and the CSI number. If your files don't have this underscore number, you should enter the underscore character between the "S" and the "#" symbol.
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Edit Time: 9/12/2020 2:23:15 PM |
Topic ID#: 244 |