Symbology FAQs

Metals use a symbology tied to their currency code which is itself linked to their code in the periodic table of elements.
  • Gold: XAU - Where AU is the code for gold (from the Latin Aurum) 
  • Silver: XAG - Where AG is the code for silver (from the Latin Argentum).
  • Platinum: XPT - Where PT is the code for Platinum.
  • Palladium: XPD - Where PD is the code for Palladium.
Since metals are considered currencies. The symbol of a gold price in US dollars would be XAUUSD.
XigniteMetals APIs allow you to pull metal prices without having to use specific symbols. Instead you can specify the metal and currency you are wanting a quote for.

mini option is a fairly new option contract available as of March 25th, 2013. Mini options allow more investors who might be interested in Options to get involved with typically high-price stocks. Instead of the Standard Option requiring 100 shares, a mini option only contains 10 shares. 

In a pilot launch from CBOE, mini options started for 5 highly-liquid symbols:  Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Google Inc. (NASDAQ:GOOG), the SPDR Gold Trust (NYSEARCA:GLD) and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). All of these trade at at least $100 a share, putting the minimum Standard Option entry cost at $10,000 or more including fees. Mini options allow investors to purchase just 10 shares, bringing the entry cost for the Mini Option to $1,000.

The Symbology for mini options for the above securities contain a "7" after the main Symbol. For example, the symbol for a mini options for Apple would start with AAPL7...

There are several articles about this new addition to the market. The goal is to allow smaller investors a chance to use low-risk options to prevent potential losses from having to operate on the scale of Standard options. All options are included in our options web services.  Here is a helpful link to more information on Mini Options: http://etfdailynews.com/2013/03/25/new-mini-options-launch-to-bet-on-5-high-priced-stocks/