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The ''Market Identifier Code'' (MIC) (ISO 10383) is a unique identification code used to identify securities trading exchanges, regulated and non-regulated trading markets. The MIC is a four alphanumeric character code, and is defined in ISO 10383 by the International Organization for Standardization (ISO). For example, the US
NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
market is identified by MIC code XNAS.


ISO 10383

''ISO 10383'' is the ISO standard that "specifies a universal method of identifying exchanges, trading platforms and regulated or non-regulated markets as sources of prices and related information in order to facilitate automated processing". The FIX Protocol uses MICs to denote values of the "Fix Exchange" data type. Markets of various asset classes, including equities, options and futures apply for MICs through the ISO. MICs are updated frequently and the latest published list is available a
the maintenance organization of ISO 10383
in various formats:
Excel ExCeL London (an abbreviation for Exhibition Centre London) is an exhibition centre, international convention centre and former hospital in the Custom House area of Newham, East London. It is situated on a site on the northern quay of the ...
, CSV,
XML Extensible Markup Language (XML) is a markup language and file format for storing, transmitting, and reconstructing arbitrary data. It defines a set of rules for encoding documents in a format that is both human-readable and machine-readable. T ...
and
PDF Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems. ...
. These also include Modified and Deactivated MICs, as well as change lists since the last published update.


Exchange (operating MIC) vs Market (MIC)

MIC codes are allocated at two levels: * Exchange (operating MIC). ** E.g.
NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
has cod
XNAS
* Market (MIC), where the exchange's operating MIC is also used as MIC of its main market or "all" markets. E.g. NASDAQ markets have these MICs: *

NASDAQ - All Markets *

NASDAQ Capital Market *

NASDAQ Options Market *

NASDAQ Fixed Income Trading *

NASDAQ/NGS (Global Select Market) *

NASDAQ Intermarket ISO 10383 specifies all MIC codes and is updated regularly.


Market Categories

MIC also standardizes codes for categories of markets or facilities, as follows: * APPA:
Approved Publication Arrangement With MiFID II directive being in force in January 2018, Approved Publication Arrangements (APA) data should increase transparency in the OTC markets by publishing quotes for pre-trade transparency, and trades for post-trade transparency. An APA ...
* ARMS: Approved Reporting Mechanism * ATSS: Alternative Trading System * CASP: Crypto Asset Services Provider (
Cryptocurrency exchange A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may acc ...
s and related facilities) * CTPS: Consolidated Tape Provider * DCMS: Designated Contract Market * IDQS: Inter-Dealer Quotation System (e.g.
OTC Markets Group OTC Markets Group (previously known as Pink Sheets) is an American financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded se ...
and the Consolidated Quotation System) * MLTF:
Multilateral Trading Facility A multilateral trading facility (MTF) is a European Union regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic ...
* OTFS: Organised Trading Facility * RMKT: Regulated Market (e.g. a regulated
Stock Exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for t ...
) * RMOS: Recognised Market Operator * SEFS:
Swap Execution Facility A Swap Execution Facility (SEF) (sometimes Swaps Execution Facility) is a platform for financial swap trading that provides pre-trade information (i.e. bid and offer prices) and a mechanism for executing swap transactions among eligible participant ...
* SINT:
Systematic Internaliser Systematic may refer to: Science * Short for systematic error * Systematic fault * Systematic bias, errors that are not determined by chance but are introduced by an inaccuracy (involving either the observation or measurement process) inherent ...
(as defined in
Directive 2014/65/EU Directive 2014/65/EU, commonly known as MiFID 2 (Markets in financial instruments directive 2), is a legal act of the European Union. Together with Regulation (EU) No 600/2014 it provides a legal framework for securities markets, investment int ...
, e.g. XTX Markets) * TRFS: Trade Reporting Facility (plus extra codes NSPD Not Specified and OTHR Other)


See also

*
List of finance topics The following outline is provided as an overview of and topical guide to finance: Finance – addresses the ways in which individuals and organizations raise and allocate monetary resources over time, taking into account the risks entailed ...
*
International Securities Identifying Number An International Securities Identification Number (ISIN) uniquely identifies a security. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normali ...
*
SEDOL SEDOL stands for Stock Exchange Daily Official List, a list of security identifiers used in the United Kingdom and Ireland for clearing purposes. The numbers are assigned by the London Stock Exchange, on request by the security issuer. SEDOLs ser ...
*
CUSIP A CUSIP is a nine-digit numeric (e.g. 037833100 for Apple) or nine-character alphanumeric (e.g. 38259P508 for Google) code that identifies a North American financial security for the purposes of facilitating clearing and settlement of trades. ...
*
Ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...
*
Central Index Key A Central Index Key or CIK number is a unique number assigned to an individual, company, filing agent or foreign government by the United States Securities and Exchange Commission. The number is used to identify its filings in several online datab ...
*
ISO 6166 An International Securities Identification Number (ISIN) uniquely identifies a security. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normaliz ...
*
ISO 10962 ISO 10962, generally known as CFI (Classification of Financial Instruments) is a six-letter-code used in the financial services industry to classify and describe the structure and function of a financial instrument (in the form of security or cont ...
*
NSIN {{Redirect-synonym, NSIN, National Security Innovation Network A National Securities Identifying Number, or NSIN, is a generic nine-digit alphanumeric code which identifies a fungible security. The NSIN is issued by a national numbering agency (NN ...


Notes


External links

* Complete list of Market Identifier Code
(PDF format)(CSV format)
(Retrieved May, 2020) {{ISO standards ISO standards Financial markets Financial metadata Security identifier types