Ticking symbols refer to the letter system which are representative of the stocks. They are needed to monitor and find security info. It is useful if you are offering a quote because you might be asked to enter a symbol for the transaction. These numbers and letters contain vital security information

The tick symbol of a mutual fund is composed of five letters that end with an "X". A prime example is FMAGX which represents Fidelity Magellan fund and the VFINX represents Vanguard's Index Five Hundred fund. If this acts as the funds on the money market, three letters ending with an 'X' are used instead..

Stock symbols which are listed on the NYSE or AMEX exchanges consist of three bills of exchange, while the Nasdaq uses four letters. But 5 letters are made use of in the case of Nasdaq when the stock contains more than 1 issue of a common stock, where the fifth letter would have a defined meaning.

The 5th letterticker symbols and what they mean.

A for Class A, B for Class B, C for Class C except for the issuer of qualification, the new edition by D, E on deposits SEC is delinquent, F denotes foreign, the first of convertible bonds G, H second convertible bond , I third convertible bonds, J denotes voting, K denotes Nonvoting , various situations L.

M preferred shares of the fourth class, N the preferred shares of the third class, O on preferred shares of the second class, P denotes preferred shares of the first class, the bankruptcy proceedings Q, R designates rights, S shares of beneficial interest,T denotes rights or warrants, mutual fund X, Y denotes ADR also known as American Depository Receipt, with Z for various miscellany situations.