Nasdaq Cancels Second Phase of Symbology Efforts and Supports SEC Initiative

NEW YORK-Nasdaq has cancelled the second phase of its initiative to create a set of suffix symbols to help customers better identify listed issues, after users expressed concern about the lack of a consistent, industry-wide symbology and the adoption of special characters.

The initiative was one of several symbology projects recently in the limelight as market participants urged exchange symbology consistency. Thomas Jordan, advisory committee chair at the Financial Information Forum (FIF), an in