What is Y?
Y is a ticker-symbol extension that signifies that ais an American Depository Receipt.
How Does Y Work?
Issued by U.S. banks, American Depository Receipts (ADRs) are certificates that represent shares are usually held in custody overseas, but the certificates trade in the U.S. Through this system, a large number of foreign-based companies are actively traded on one of the three major U.S. equity markets (the NYSE, AMEX, or Nasdaq).
On the Nasdaq , for example, the letter Y after the ticker (if its ticker were XYZC, an XYZ Company ADR would look like this: XYZC-Y) to denote that the security is an ADR.
Why Does Y Matter?
ADRs give U.S. investors the ability to easily purchase
Accordingly, it is very important to understand what ticker extensions .