11/6/2023 0 Comments Old stock ticker![]() Since there were hundreds of companies being traded and prices being updated every minute, the longer it took to communicate a company’s price meant the whole stream of information was held up. Famously, an old British admiral was the first person to use “OMG” as shorthand in a message to one of his colleagues.įor investors looking to get the latest stock prices, this was also a problem. To speed things up, shorthand writing (the predecessor of today’s “text speak”) was invented. This was a time-consuming process the longer the message, the longer it took to write, translate, and read. However, with a telegraph machine, each letter of the message had to be spelled out in Morse Code (a series of dots and dashes), read by the operator on the other end, and then typed out onto a message to be actually read by anyone. Ticker machines first came into use during the late 1800s as a fast way to move news across far distances they used telegraph lines to transmit messages electronically. Click here to try! However, lets take a look at where ticker symbols came from, and why we still use them today. Ticker “COKE” is not the Coca-Cola Company! Wouldn’t it just be easier if we used the company names? We try to help this with our Smart Trade Drop-Down, where by typing the company name in the trading window, we will give you tickers that match. Make sure you are buying the stock that you think you are buying. And when you do look up tickers, you will often be surprised how many companies there are that have very similar names. ![]() Most beginning investors find it confusing to use ticker symbols because before you can begin to do any stock research, you must look up the ticker. LUV is the symbol for SouthWest Airlines,į is the symbol for Ford. WARNING: The ticker symbol is NOT just an abbreviation of the company’s name.įor example, here are some popular and interesting ticker symbols: It is called a ticker symbol because the stock quotes used to be printed on a ticker tape machine that looked like the images below. A “Ticker Symbol” is a unique one to five letter code used by the stock exchanges to identify a company.
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