Uniform Symbology

Last updated

Uniform Symbology (also known as UMTF), in the context of European financial markets, refers to a common scheme to refer to securities ("symbols"), adopted by European markets in 2008. The original announcement reads as follows:

Contents

In order to facilitate orderly and efficient trading of securities across multiple markets, the founders of the Committee on Uniform Symbology (BATS Europe, Chi-X Europe - now Cboe Europe - and NASDAQ OMX Europe) agreed to create and adopt a common securities symbology to uniformly identify securities traded across Europe. A committee was formed for the purpose of which was to create, maintain and modify as necessary the uniform methodology for securities symbology (Uniform Symbology) to be applied to the securities and to develop and use the Uniform Symbology in furtherance of the committee’s aims and objectives. Since the founding of the Committee on Uniform Symbology other members have joined including: Turquoise, NYSE Euronext and QUOTE MTF.

(See links to some of the market's press releases in the External links section below.)

Symbology Algorithm

The Uniform Symbology Algorithm is designed to be human readable, fit into 6 characters, have no symbol clashes and where possible, be derivable from another, freely available code.

It will consist of a stock code followed by a single, lower case letter designating the primary listing exchange.

The stock code will be derived from the “local code” published by the primary exchange. These will be truncated where necessary.

If the local code contains a single letter class designator of A through Z (e.g. “STE A”) then the single letter class designator shall be retained and the code will be truncated to a maximum of 4 characters, plus the single letter class (A through Z) designator. For some Nordic stocks the share designator will be prefixed with “SDB” (e.g. “SDBA”). In this case the “SDB” should be removed and the single letter class (A through Z) designator will be retained.

Any codes containing spaces, periods, underscores or second words (other than the single letter class (A through Z) described above) will be truncated at the space, period, etc.

All remaining non-alphanumeric characters should be removed.

Stock Code Truncation Examples

Local CodeTruncated Local CodeNotes
VGAS SDBVGAS“ SDB” Removed.
NDA SEKNDA“ SEK” Removed.
MAERSK BMAERB“MAERSK” Truncated to “MAER”, “B” retained.
ASSA BASSAB“ ” removed, “B” retained.
ATCO AATCOA“ ” removed, “A” retained.
ATCO BATCOBA/B share distinction retained.
BP.BP“.” Removed.
BT.ABT“.A” Truncated.
F&CFC“&” removed
Y&Z BYZB“&” removed, “ “ removed, “B” retained
TWW SDBBTWWB“ “ removed, “SDB” removed, “B” retained

Market codes by market centre (including examples)

Note that in some cases a market code suffix is shared by multiple listing markets. For example, the letter "y" is used for stocks listed on the Athens, Cyprus and Malta exchanges.

Market CentreMIC [1] Market CodeSample Local CodeSample Uniform Symbology CodeSample Company NameRIC Suffix [2]
Copenhagen Stock Exchange XCSEcDANSKDANSKcDanske Bank OrdCO
Deutsche Borse/GermanyXETRdEXS1EXS1diShares DAX ETFDE
Euronext Amsterdam XAMSaHEIAHEIAa Heineken AS
Euronext Brussels XBRUbINBINBb INBEV BR
Euronext Paris XPARpRNORNOp Renault PA
Euronext Lisbon/PortugalXLISuALTRALTRu ALTRI SGPS LS
Bucharest Stock Exchange XBSEfAMOAMOfAmonil SA
Bulgaria Stock Exchange XBULf5BT5BTf Vivacom
NASDAQ OMX Vilnius/LithuaniaXLITfAGP1LAGP1LfAlita Group AB
NASDAQ OMX Riga/LatviaXRISfGRZ1RGRZ1RfGrobina
NASDAQ OMX Tallinn/EstoniaXTALfPRF1TPRF1TfPremia Foods AS
Helsinki Stock Exchange XHELhNOK1VNOK1Vh Nokia HE
Irish Stock Exchange XDUBiGNCGNCi Greencore Group plc I
Johannesburg Stock Exchange XJSEjAGLAGLj Anglo American plc J
Prague Stock Exchange XPRAkBOREYBOREY Borealis Exploration
London Stock Exchange XLONlVODVODl Vodafone Group OrdL
Bolsa de Madrid XMADeCOLCOLe Inmobiliaria Colonial MC
Borsa Italiana/MilanXMILmSPMSPMm Saipem MI
USA Securities/New YorknQQQQQQQQn Powershares QQQ
Oslo Stock Exchange XOSLoNHYNHYo Norsk Hydro OL
Aquis Stock Exchange/LondonAQSEqADBADBqAdnams PLC
Reykjavik, Iceland XICErOSSROSSRr Ossur Ord
Stockholm Stock Exchange XSTOsVOLBVOLBs Volvo B OrdST
Budapest Stock Exchange XBUDtOTPOTPt OTP Bank PLC
Ljubljana Stock Exchange/SloveniaXLJUtABKNABKNtAbanka Vipa DD
Bratislava Stock Exchange/SlovakiaXBRAt1SEA01AE1SEA0tSemat AS
Vienna Stock Exchange XWBOvVIGVIGv Vienna Insurance Group VI
Warsaw Stock Exchange XWARwTPETPEw TAURON PE WA
Cboe EuropeCHIXxIEEMIEEMxiShares MSCI Emerging Markets ETFCHI
Luxembourg Stock Exchange XLUXxBIPBIPx BIP Investment Partners
Athens Stock Exchange XATHyINTETINTETyIntertech SA
Cyprus Stock Exchange XCYSySEASSEASySea Star Capital
Malta Stock Exchange XMALyHSBHSBy HSBC Bank Malta PLC
Swiss Exchange/Zurich(blue chip)XVTXzUBSNUBSNzUBS N OrdVX
Swiss Exchange/Zurich(non-blue chip)XSWXzACINACINzAcino Holding AGS

References

  1. "ISO 10383". ISO 10383 - Market Identifier Codes. S.W.I.F.T. SCRL. Retrieved 27 May 2015.
  2. "Exchange Codes". FIX Trading Community. FIX Protocol Ltd. Retrieved 27 May 2015.

Turquoise Technical specifications, version 1.1 (May 2009)