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Non-Tech : SEC RULES
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To: Mr. Jens Tingleff who wrote (33)8/8/1999 11:36:00 AM
From: Colin Cody  Read Replies (2) of 62
 
V means the stock does not yet exist. It is not yet issued. For some reason trading on the ANTICIPATION is done. Side benefit: you do not pay for the stock purchased until it actually IS issued. Also if the price drops after you buy and it NEVER gets issued (a rare occurrence) your losing trade is canceled, you lose nothing.

Y is foreign stocks bundled into an American Depository Receipt so they can trade that receipt on the American markets.

Colin
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