Symbol type
There are different types of symbols in the screeners. Let's analyze each screener with this filter in detail:
Stock Screener
The filter allows you to work with only those tools and symbol types you need in Stock Screener.
The following types are available:
- Common stock - represents ownership in a corporation, giving shareholders voting rights and potential gains through dividends and capital appreciation. Common stockholders take on more risk than preferred shareholders but typically have more control over the company.
- Preferred stock - is a type of equity that combines features of both stocks and bonds. It generally falls into two categories: fixed-income preferred stock, which pays a fixed dividend, and has priority over common stock in dividends and liquidation but usually lacks voting rights, and preferred stock, which trades like common stock, offers ownership rights, and may participate in the company's profits. These securities are usually liquid, have some priority rights over common stock, and are most commonly issued in Brazil, Canada, and many European markets (i.e., Germany and Italy).
- Depositary Receipts - are negotiable certificates that allow investors to own shares in foreign companies without trading directly on foreign exchanges. Each DR represents a specific number of a company's shares.
CEX Screener
The filter allows you to work with only those tools and symbol types you need in CEX Screener.
The following types are available:
- Spot - is a trading pair representing the ratio between the prices of two currencies included in this pair on the foreign exchange market. The first currency in a pair is called the base currency, and the second one is called the quote currency. You can read more about it here. Trading crypto pairs are divided into cryptocurrency-fiat(BTC/USD) and cryptocurrency-cryptocurrency(BTC/ETH) pairs. When buying such an asset on the stock exchange, you perform an operation to exchange the quoted currency for the base currency at the current price. When selling, the opposite exchange operation is performed. For example, when you buy a BTC/ETH pair, you exchange the ETH you own for BTC, and when you sell a BTC/ETH pair, on the contrary, you receive ETH for BTC.
- Futures - are fixed-term contracts in which the parties agree to buy or sell digital assets at a predetermined price at a specified time in the future. Similar to classic futures, they have an expiration date and allow market participants to hedge risks or speculate on changes in the value of assets. The peculiarity of trading this type of instrument is the possibility of buying without actually owning cryptocurrency.
- Perpetual futures - are a type of crypto futures that have no expiration date, allowing traders to hold positions indefinitely. The funding rate mechanism is used to keep the contract price close to the spot price of the underlying asset. It consists of regular reciprocal settlements between holders of long and short positions, in order to balance supply and demand and keep quotes as close to the "real" market level as possible.