Imported from previous forum
[ original email was from Lakshminarasimhan Rajabather - narasimhan@ssi-technologies.com ]
Can anyone tell me the scheme of identifying securities in Japan? I believe it is called QUIK (FIX 4.2 refers it as QUIK). Or is it QUICK?
Where can I find more information on QUIK/QUICK?
Thanks in advance.
R.Lakshminarasimhan
SSI Technologies
narasimhan@ssi-technologies.com
Each security (stock) is assigned a numeric identifier. For example, Sony is 6758. A given security may be able to trade on more than one exchange, thus you might see this as 6758.T Reuters (“6758 JT” in Bloomberg, etc.) for the Tokyo Stock Exchange or if it could also trade in Osaka as 6758.OS. This is similar to in the US as IBM being represented as IBM.N for NYSE and IBM.P for the Pacific Stock Exchange. Note that some security’s base exchange is not the TSE, thus as a Reuters symbol you would see Nintendo as 7974.OS as its base exchange is Osaka.
Thus the QUIK/QUICK (I’ve seen it referred to both ways) is typically a 4 digit identifier, although by definition it’s actually 5 digits with Common Shares having the last digit of 0 and typically not specified at least in the Western world. For even more specifics, you should refer to section 5.2 of the “FIX 4.1J” (Japanese clarifications) document within Organization, Steering Committee, Japanese Steering Committee specifies the 5 digit codes nomenclature.
There are a variety of security identifiers used for Japan including QUIK/QUICK, Reuters (RIC), Bloomberg, and other market data feed provider Symbols, SEDOL, ISIN, etc. Most of these are based off of the base numeric identifier for the security (QUIK/QUICK).
> Can anyone tell me the scheme of identifying securities in Japan? I believe it is called QUIK (FIX 4.2 refers it as QUIK). Or is it QUICK?
>
> Where can I find more information on QUIK/QUICK?
>
> Thanks in advance.
>
> R.Lakshminarasimhan
> SSI Technologies
> narasimhan@ssi-technologies.com
>