The rise and fall of single-letter ticker symbols

Michayluk, D

The rise and fall of single-letter ticker symbols

Michayluk, D

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Publication Type:: Journal Article
Citation:: Business History, 2008, 50 (3), pp. 368 - 385
Issue Date:: 2008-01-01

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Field	Value	Language
dc.contributor.author	Michayluk, D https://orcid.org/0000-0001-9020-0855	en_US
dc.date.issued	2008-01-01	en_US
dc.identifier.citation	Business History, 2008, 50 (3), pp. 368 - 385	en_US
dc.identifier.issn	0007-6791	en_US
dc.identifier.uri	http://hdl.handle.net/10453/10171
dc.description.abstract	A single-letter stock ticker symbol is a limited resource - only 26 possibilities are available in a stock universe of over 475,000 possible one-, two-, three- or four-letter ticker symbols. These symbols were first allocated based on trading volume therefore some of the most important companies at the time were initially placed into this group. This paper examines the history of this group of stocks and documents a decline in the importance of these firms due to a natural turnover in commercial leadership and no established mechanism to remove the single-letter designation from firms that lost their prominence.	en_US
dc.relation.ispartof	Business History	en_US
dc.relation.isbasedon	10.1080/00076790801968947	en_US
dc.subject.classification	History of Social Sciences	en_US
dc.title	The rise and fall of single-letter ticker symbols	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	50	en_US
utslib.for	150201 Finance	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
utslib.for	22 Philosophy and Religious Studies	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	50	en_US

Abstract:

A single-letter stock ticker symbol is a limited resource - only 26 possibilities are available in a stock universe of over 475,000 possible one-, two-, three- or four-letter ticker symbols. These symbols were first allocated based on trading volume therefore some of the most important companies at the time were initially placed into this group. This paper examines the history of this group of stocks and documents a decline in the importance of these firms due to a natural turnover in commercial leadership and no established mechanism to remove the single-letter designation from firms that lost their prominence.

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http://hdl.handle.net/10453/10171