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What is a Hard-Coded Stock?

Hard-coded stock has a unique identifier (a 'ticker symbol') assigned to it by a registered exchange.

How Does a Hard-Coded Stock Work?

Stocks traded on a registered exchange (for example, the New York Stock Exchange) are represented for easy reference by an alphabetic abbreviation. This symbol is made up of one, two or three letters for stocks listed on the NYSE or up to five letters for stocks listed on the Nasdaq. For example, Microsoft Corporation is represented on the New York Stock Exchange by the letters MSFT.

Why Does a Hard-Coded Stock Matter?

Hard-coded stocks save traders and analysts time while searching for price quotes and other stock-related information. On the other hand, stock symbols can be confusing for non-professionals. It is important that investors, traders and analysts ensure that the symbol they are using is correctly associated with the stock they wish to research.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.