THOMSON FINANCIAL
NASDAQ Symbology Changes Customer Impact NASDAQ is planning to make a major change to the structure of its ticker symbols on April 7, 2008. NASDAQ will eliminate the upper case fifth letters in its symbols and replace them with its Integrated Platform suffixes.
Main Customer Impact •
All NASDAQ-listed issues with a fifth-character modifier will be converted to a new suffix symbology.
•
NASDAQ will begin applying the new suffix symbology to all impacted NASDAQ-listed issues, including those with one, two and three characters
•
NASDAQ has refined its approach to Phase 2 of the symbology initiative and will convert all NASDAQ-listed issues with a fifth-character modifier to the suffix symbology for the integrated NASDAQ platform.
There are currently about 200 NASDAQ stocks with a 5th character suffix, so at this stage, the change will impact only these 200 plus symbols. (However, sometime in 2008, NASDAQ does intend to extend use of these suffixes to listed instruments traded on NASDAQ.) URL: http://www.nasdaqtrader.com/Trader.aspx?id=StockSymChanges
In response to customer requests, NASDAQ has posted a list of NASDAQ-Listed Issues with Fifth-Character Modifiers.
For a list of current symbols, click on the link below: http://www.nasdaqtrader.com/content/technicalsupport/stocksymbol/5characterlist.xls
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THOMSON FINANCIAL
The new character set proposed by NASDAQ is inconsistent with Thomson’s symbology architecture. For ease of use and uniformity across our current North American symbology, Thomson plans to introduce a symbol mapping algorithm inline with the table provided below. The table does not include all permutations of possible NASDAQ symbols; nor is it Thomson’s intention to match all current and future classes to a respective symbol type. Instead, the table should be used as a guideline to Thomson symbology. In all cases, Thomson symbology will be provided in the workstation Symbol Book application. For those clients utilizing the Thomson Security Master file, both the exchange symbol and the Thomson symbol will be made available. As always, symbol changes will be reflected automatically on the workstation on the day of implementation. Workstation users will not be required to reenter the affected symbols into the flex monitor applications. The Symbol Book application will provide linkage between new and old symbol.
Mapping Table for Nasdaq Symbols NASDAQ Guidance on the Application of NASDAQ Integrated Platform Suffix Symbology Revised: 10/10/07 Please note that all examples provided are for illustrative purposes only and are not meant to correspond to a production security listed on any equities or options market.
Description
ADR
NASDAQ Integrated Platform Suffix Symbology
NASDAQ Guidance on application of NASDAQ integrated platform Suffix symbology
Thomson’s 1, 2, 3character symbol with appendage
Thomson’s 4-character symbol with appendage
:Y
NASDAQ has not actively assigned this suffix since 1999. This value will be used only if the issuer requires it. Otherwise, it will be dropped as part of the symbology initiative.
ABC.Y
ABCD.Y
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THOMSON FINANCIAL
Called
*
Class {A-Z} when issued
.{A-Z}#
Class {A-Z} Called
.{A-Z}*
Class {A-Z}
.{A-Z}
Class {A-Z} Convertible
Convertible bond
Convertible bond{A-Z}
.{A-Z}%
%
%{A-Z}
This does not currently exist for NASDAQ-listed issues but NASDAQ will accommodate should the issue switch from another market to list on NASDAQ If the root symbol is 4-characters, "When issued" takes precedence. If the root symbol is 4-characters, only the class of common stock will be denoted. Used to identify the class of common stock If the root symbol is 4-characters, only the class of common stock will be denoted.
No TF Suffix
No TF Suffix
ABC'I
ABCD'I
ABC'{A-Z}
ABCD'{A-Z}
ABC'{A-Z}
ABCD'{A-Z}
ABC'{A-Z}
ABCD'{A-Z}
If an issuer has multiple convertible bonds with the same root symbol, NASDAQ will apply alpha characters after the "convertible bond" delimiter to identify the multiple convertible bonds. Example: ABCD%A, ABCD%B, etc.
ABC.G
ABCD.G
Too long, cant be mapped
Too long, cant be mapped
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THOMSON FINANCIAL
Convertible called
Emerging Company Marketplace
%*
If the root symbol is 4-characters, only the class of common stock will be denoted.
.G
.G
!
This does not currently exist for NASDAQ-listed issues but NASDAQ will accommodate should the issue switch from another market to list on NASDAQ NASDAQ has not actively assigned this suffix since 1999. This value will be used only if the issuer requires it. Otherwise, it will be dropped as part of the symbology initiative. Miscellaneous situations, such as depositary receipts, stubs, additional warrants and units New - Frequently it is added to indicate a stock split or some type of reorganization. In that case, it may remain for approximately 20 trading days before it is removed. Non-voting
.E
.E
ABC.F
ABCD.F
ABC.Z
ABCD.Z
ABC’N
ABCD’N
ABC.K
ABCD.K
Foreign
:F
Miscellaneous
:Z
New
:D
Non-voting
:K
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THOMSON FINANCIAL
Partial Paid
Preferred
@
-
Preferred Class {A-Z}
-{A-Z}
Preferred (class A-Z) Convertible
-{A-Z}%
Preferred when distributed
-$
Preferred (class A-Z) when Distributed
-{A-Z}$
Preferred{A-Z} called
-{A-Z}*
Preferred when issued
Preferred {A-Z} when issued
-#
-{A-Z}#
This does not currently exist for NASDAQ-listed issues but NASDAQ will accommodate should the issue switch from another market to list on NASDAQ Identifies that this is a preferred stock Used to identify the class of preferred stock If the root symbol is 4-characters, only the class of preferred stock will be denoted. Used to identify that the preferred stock is when distributed If the root symbol is 4-characters, "When distributed" takes precedence over the class of preferred stock. If the root symbol is 4-characters, only the class of preferred stock will be denoted. Used to identify that the preferred stock is when issued If the root symbol is 4-characters, "When issued" takes precedence over the class of preferred stock.
.P
.P
ABC.
ABCD.
ABC.{A-Z}
ABCD.{A-Z}
ABC.{A-Z}
ABCD.{A-Z}
ABC.'
ABCD.'
ABC.'
ABCD.'
ABC.{A-Z}
ABCD.{A-Z}
ABC.'
ABCD.'
ABC.'
ABCD.'
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THOMSON FINANCIAL
Preferred called
-*
Rights
^
Rights when issued
^#
TEST symbol
Units Warrants Warrants Class {A-Z} Warrrant when issued
When distributed When issued First convertible bond Second convertible bond Third convertible bond
Voting
If the root symbol is 4-characters, only the class of preferred stock will be denoted. Rights
Identifies the rights offering is when issued ~ This does not currently exist for NASDAQ-listed issues but NASDAQ will accommodate should the issue switch from another market to list on NASDAQ = Units + Warrants +{A-Z} Identifies the class of warrant +# Identifies the warrant is when issued $ When distributed # When issued If an issuer has multiple convertible bonds with the same root symbol, NASDAQ will apply alpha characters after the "convertible bond" delimiter to identify the multiple convertible bonds. Example: ABCD%A, ABCD%B, etc. Therefore, we no longer need these previously defined issue types (":G", ":H", and ":I") All symbols are assumed to have voting rights unless otherwise specified in the issuer's filing. If that is the case, then the "Non-Voting" suffix will be applied. Otherwise, only the root symbol will appear.
.
.
ABC'R
ABCD'R
ABC'I
ABCD'I
'T
'T
ABC'U ABC' ABC'{A-Z}
ABCD'U ABCD' ABCD'{A-Z}
ABC'I
ABCD'I
ABC'D ABC'I
ABCD'D ABCD'I
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THOMSON FINANCIAL
Miscellaneous
Shares of beneficial interest
With warrants or with rights
NASDAQ requires only one suffix to identify miscellaneous situations (":Z") NASDAQ no longer requires this issue type to be identified. Only the root symbol will appear. NASDAQ no longer requires this issue type to be identified. Only the root symbol will appear.
Notes: If a reference is made to the Class of stock, this same convention will apply to all classes of stock A through Z. For example, if the value to identify a Class "A" when issued symbol is ".A#", it would appear as ".B#" for Class "B" and ".C#" for Class "C" and so on. Customer Testing Thomson currently has the following test symbols available: NASDAQ Symbol ZXZ@ ZZO-A* ZZO-A# ZXZZ^ ZXZ~ ZXZZ+A ZXZZ$ ZXZZ#
TF Symbol ZXZ.P ZZZO.A ZZO.’ ZXZZ’R ZXZ’T ZXZZ’A ZXZZ’D ZXZZ’I
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