Create Ticker Change

Introduction

Ticker Change is a corporate action in which a publicly traded company updates its stock ticker symbol, the short identifier used to represent its security on an exchange. This change does not affect the company’s outstanding shares, market capitalization or the value of investor holdings, but ensures accurate tracking, reporting and portfolio management.

On the platform, Ticker Change facilitates a seamless transfer of holdings from the old instrument to the new instrument, maintaining portfolio integrity and ensuring performance metrics remain unaffected.

Ticker Change can be classified as:

Mandatory: Automatically executed by the company, requiring no action from shareholders.
Voluntary: Shareholders may have options to participate, depending on the company’s announcement.

When to Use a Ticker Change Order:

When a company updates its ticker symbol but the underlying security remains unchanged.
When holdings need to be reflected accurately in the platform, transferring from the old instrument to the new one.

Corporate actions are not supported for Private instruments.

Permission Requirements

Tab / Feature	Permission Levels
Instruments	View, Modify, Create
Corporate Actions (On Instruments)	View, Modify, Create
Corporate Action (On Orders)	View, Modify, Create

Key Terminologies

Term (A–Z)	Definition
Action Date	The date when the Ticker Change takes effect and holdings are moved from the old instrument to the new one.
Announcement Date	The date on which the company publicly announced the ticker change.
Available Balance	The number of shares available in the portfolio on the Action Date for the current (old) ticker.
Balance	The quantity held in the current instrument at the time of action.
Compensation	Cash amount auto-filled when fractional shares are involved. Not applicable for 1:1 ticker changes.
Current Instrument	The existing ticker symbol that is being replaced.
Description	Additional notes or relevant information about the Ticker Change.
New Balance	The updated quantity that appears under the new instrument after the action (must match the old balance).
Security Transfer	Platform-generated transaction type showing the OUT and IN movements between old and new tickers.

👉 New to some terms? Check our full Platform Glossary for quick definitions.

Create a Ticker Change Order

Before you can apply a corporate action to an Order, you must first create the corporate action under the Instrument. Once created, it will appear for selection when creating or updating relevant orders.

Go to Transactions > Find Orders tab > Click + icon

A window opens, select the New Order Type as “Ticker Change”.
Fill in Required Fields:
- Portfolio, Bank Account and Initiator
- Select Current Instrument
Choose Corporate Action Type from the dropdown.

Or,

Click on the "+" button near the Corporate Action type if you are creating a new action type or if it needs to be confirmed.

Under Corporate Action, fill in the following fields.

Key Fields Here:

Field	Description
Corporate Action Type	Choose whether the action is Mandatory or Voluntary.
Action Date	Enter the date when the corporate action takes effect.
Announcement Date	Enter the date the corporate action was announced.
Current Instrument	Select the existing ticker symbol that is being replaced.
New Instrument	Select the new ticker symbol that will replace the current one.
Description	Add any relevant notes or additional information about the action.

Save Changes and click Create. The corporate action type will be added to the main form.

Corporate Action Balance section auto populates for the following fields.

Key Fields Here:

Field	Description
Available Balance	Number of shares available on the Action Date. Example: 75 shares (Old Ticker)
Balance	Quantity held in the current instrument at the time of action. Example: 75 shares
New Balance	Quantity that reflects under the new instrument after the action. Must match old balance. Example: 75 shares (New Ticker)
Compensation	Auto-filled only if fractional shares are involved and compensated in cash. Not applicable in 1:1 ticker changes.

Once created, the platform:
- Validates available balances
- Checks for existing or pending orders
- Creates transactions: One OUT (old ticker) and one IN (new ticker)

What Happens After Order Creation?

Learn Here:

Stage	Platform Behavior
Order Created	Position shows decrease in old ticker (OUT), increase in new ticker (IN)
Order Executed	Positions update: new instrument fully replaces old, no change in portfolio value
Transaction Confirmed	Closed PnL recorded under old ticker, total PnL and valuation remain unchanged

How to Execute Order

After Corporate Action is Saved:

Navigate to the execution screen.
Confirm:
- Old Ticker and New Ticker are correct.
- Quantity (e.g., 750,000) is populated and matches.
- The status should update to Filled upon completion.

👉 Learn how to execute the order step-by-step by following the instructions in this guide.

Review Transactions Log:
- SECURITY_TRANSFER (OUT and IN).
- TICKER_CHANGE Info entry.

Order will be closed as Done automatically after matching of all transactions with custody data.