Setting up Securities
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(New page: '''My Money 2.0 Manual''' == Overview == In MyMoney, the term "Financial Instrument" and "Security" are used interchangeably and refer to a security the user ...)
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Revision as of 17:57, 30 June 2010
Overview
In MyMoney, the term "Financial Instrument" and "Security" are used interchangeably and refer to a security the user wishes to monitor. Each security may have an associated ticker symbol. However, the ticker symbol is not always sufficient to uniquely identify the particular security. Each instrument is defined by the the ticker symbol and the requested exchange. Together, these items uniquely identify the security.
Ticker Symbol
The ticker symbol is a sequence of one to 24 characters that identifies the instrument according to the data service in use. For example, Signal and DTN.IQ use the ticker symbol $INDU to identify market data for the Dow Jones Industrial Average, while BMI and DTN use INDU.
Some data services broadcast a unique code with each trade to identify the exchange on which the trade occurred. If the user specifies a particular exchange when defining an instrument, Investor/RT monitors just the trades that occur on that exchange. The exchange COMP (composite) is used to request monitoring of all trades for the ticker symbol regardless of exchange.
It is possible to define multiple instruments having the same ticker symbol. For example, the symbol IBM, requested exchange COMP and symbol IBM, requested exchange NYSE, can be defined as distinct instruments. The former will track all trades in IBM; the latter will track only the trades that take place on the New York Stock Exchange.
