3 ms·
I guess this unfortunately means HuggingFace won't be "the first company to go public with an emoji instead of the three-letter ticker" as the cofounders origin
by mrshu 1mo ago
I guess this unfortunately means HuggingFace won't be "the first company to go public with an emoji instead of the three-letter ticker" as the cofounders originally intended:
"When we started the company, a running joke with my co-founders was that we wanted to be the first company to go public with an emoji instead of the three-letter ticker when you go in the NASDAQ."
-- Clem Delangue (https://unsupervisedlearning.substack.com/p/the-future-of-open-vs-closed-source)
- HolyLampshade 1mo agoLittle bit of a “the more you know” moment. Historically NYSE (and AMEX; thought of in this specific context as CTA) had a lock on 1-3 character symbols. NASDAQ (via UTP) had a lock on 4-6 character symbols. For a long time you could tell where something was listed purely by looking at the length of the symbol it traded under. This all changed in the late 2000s or so, so no longer useful information. I honestly would leave the industry if one of the exchanges tried to bend the industry to allow an emoji in a symbol. The communication protocols essentially lock this at 8 character alpha. It would be a huge pain in the ass, for everyone, to change this just because some exchange wants to appeal to a potential listing.
- MrDOS 1mo ago> 8 character alpha Good thing “xn--zp9h” fits, then.
- HolyLampshade 1mo agoAmusingly there is plenty of precedent (link below under Nasdaq Integrated Platform Suffix and the older ACT/CTCI suffixes) for using all of the wonderful character symbols to indicate different classes of securities. Not as common, again, as it used to be...but still exists. https://www.nasdaqtrader.com/trader.aspx?id=CQSsymbolconvention https://www.nasdaqtrader.com/trader.aspx?id=CQSsymbolconvent...
- stockresearcher 1mo agoNasdaq becomes more and more like a “normal” exchange every year. Historically, they’ve always just done their own thing for their own purpose, so it makes sense. ** for those that don’t know: NASDAQ stands for “National Association of Security Dealers - Automated Quotation (service)”. It was forced into existence by the SEC. Prior to that there was only the NASD, who traded blocks of shares amongst themselves so that each individual security dealer could meet the needs of their customers. As the trading amongst themselves grew larger and larger, the SEC added progressively more regulation until finally the had to build the NASDAQ computer system, which nobody would even recognize today. So again, they were always separate from everything else and did things that made sense according to their own needs. They were very different until they were no longer allowed to be different.
- HolyLampshade 1mo agoDon’t disagree there, though this has been status quo for nearly two decades now. By that measure regional exchanges were their own beasts for a long time. The environment has definitely streamlined a ton since RegNMS was implemented and the exchanges consolidated a bit. Even the technology stacks the current markets run are basically identical within three families of design (even the upstart markets, and even those that are not directly licensing technology from ICE, Nasdaq, or Cboe). Differentiation just doesn’t pay like it used to.
- eej71 1mo agoAgreed. Even LTSE is just running the MEMX stack.
- HolyLampshade 1mo agoShit, MIAX is just the old BATS/Cboe technology with some local flair. There are multiple derivatives of the old Island/INET tech stack, mainly in ATSs, but the iteration Nasdaq is operating on only diverges where extreme message volume factors in. No one is silly enough to want the abomination of design that is Pillar, but the point still stands that technical differentiation isn’t really important in the way it was 15-20yr ago.
- hyperhopper 1mo agoIt doesn't. Only 5 of those characters are in the alphabet.
- alexpotato 1mo agoNASDAQ at one point wanted to have "special characters" e.g. *()/ etc in ticker names too. EVERYONE said it was a bad idea but they kept pushing it. Repeatedly. Eventually, smarter heads prevailed and they got rid of the idea.
- HolyLampshade 1mo agoYeah, they tried to carry the suffix symbology into the ticker itself, but that fortunately died not because of some great sanctity of the symbols but because someone thought it would confuse too much with how ACT and the CTCI protocol handled security categorization. NYSE (really the access stack that both NYSE and AMEX ran on; the name escapes me since it died back in I think ‘08) has for a long time included a completely separate field in their protocols to indicate classification (preferred, warrants, classes, when issued, etc), but CTCI just jammed it into the symbol field.
- philipwhiuk 1mo agoImagine how much stuff breaks if they allowed a comma.
- alexpotato 1mo agoCouple examples in my Twitter thread on FinTech outages that were basically that: https://x.com/alexpotato/status/1215876962809339904 https://x.com/alexpotato/status/1215876962809339904
- wavemode 1mo agoStock ticker: "BIGCO'; DROP TABLE TRANSACTIONS"
- tough 1mo agobobby tables goes to the stock market
- hollow-moe 1mo ago"we're developing software to trade thousandth of cents every nanosecond, so time sensitive we're paying to get our servers physically closer to the exchange one" but supporting unicode in display strings ? Absolutely and terminally impossible. lmao
- chillitom 1mo ago“Yes, I hear you Clem Fandango!”
- z2 1mo agoEveryone's got a noble goal until they get a buyout offer promising to make them a billionaire Edit: Just discovered via this post that hn posts, like the exchanges, filter out emoji
- setopt 1mo agoWell, yeah. I also wouldn’t like to explain to my family why my emoji is more important than being set for life.
- shevy-java 1mo agoIt's not just emoji. Using hackernews is much worse than old.reddit.com used to be. Ironically enough, reddit recently killed off old.reddit; you now have to log in, which defeats the point of old.reddit.com totally.
- Meneth 1mo agoOr use the addon Old Reddit Redirect, which still works as of 2026-08-27. https://addons.mozilla.org/en-US/firefox/addon/old-reddit-redirect/ https://addons.mozilla.org/en-US/firefox/addon/old-reddit-re...
- OkayPhysicist 1mo agoThat stopped working for me on my mobile firefox (but not on my desktop) literally yesterday. It's pretty clear they're doing some kind of A/B testing.
- itintheory 1mo agoI keep reading this about old.reddit.com and yet I keep using it without being logged in. It must be some kind of A/B testing or slow rollout? Or maybe it's regional?
- tclancy 1mo agoEven the eggplant?