What you will learn
- Distinguish a company name from an instrument’s identity.
- Match one instrument despite different tickers and currencies.
- Leave a match unresolved when the necessary information is missing.
Prepare four cards and three roles
Allow approximately 25 minutes. One student sorts, one reads the fields and one checks the conclusions. Every card concerns the fictional Bryggan AB. Instruments P and Q are teaching placeholders, not valid assigned ISINs. Venues V1 and V2 are fictional too. Write the company, share class, symbol, venue and currency on each card.
ANNA describes ISIN as an international identifier with twelve characters. Our letters P and Q simply keep the activity readable. Students should therefore not search for these placeholders as real instruments. Start without prices: the group first needs to establish what each card actually identifies before considering any quotation.
If the table does not fit, scroll it sideways.
| Card | Instrument information | Market information |
|---|---|---|
| 1 | Class A, P | BG-A, V1, SEK |
| 2 | Class A, P | BRGA, V2, EUR |
| 3 | Class B, Q | BG-B, V1, SEK |
| 4 | Share class and code missing | BG, V1, SEK |
Sort into same, different and still unknown
Cards 1 and 2 are the same instrument according to the supplied P identifiers. Different symbols, venues and currencies do not change that match within this pack. Card 3 belongs to the same company but another share class and is identified as Q. It should therefore stay outside the instrument pile containing the two A cards.
Card 4 belongs in the still-unknown pile. Its symbol BG and shared company name are insufficient to select P or Q. The checker should request specific evidence that resolves the gap, such as a verified instrument identifier and share class. Choosing the most common card remains a guess, even if it subsequently happens to be correct.
Add prices after the identity check
Give card 1 a price of SEK 20 and card 2 EUR 2, both at the same model time. They still match as P, but their amounts cannot be compared directly as 20 against 2. A relevant exchange rate and matching price units are needed for conversion. Even a later conversion would not establish that a trade can execute at those card prices.
Ask students to write one matching statement and a separate price question. The first may be settled while the second remains open. Symbol, name, currency, instrument and time solve different parts of the evidence problem. Keep this identification activity separate from a claim about the cheapest venue or future investment returns.
Assess the evidence behind each pile
Each group submits four lines containing card number, decision and decisive information. Assess whether the P match is justified, Q remains separate and card 4 stays unresolved. Then exchange checkers between groups. A useful objection identifies missing information and proposes a way to verify it, rather than merely suggesting a different company name.
Continue to Investiq’s company-search guide to see the described route to a company page and price chart. The card game and identity checks happen on paper; this activity requires no ISIN search or comparison across trading venues in the app. The concept lesson provides background, while this worksheet practises the group’s evidence decisions.
Try it yourself
Two new cards have the same verified Instrument R but symbols R-A and R1, in SEK and EUR respectively. A third shows only the same company name. Which cards match as the same instrument, and can their prices be compared directly?
Show the solution and explanation
The two R cards match according to the supplied information. The third remains unknown. SEK and EUR prices cannot be compared directly without relevant conversion evidence.
The instrument information settles the specified match. A common name is insufficient for the third card, and the currencies require a separate check.
Check your understanding
Is P a real ISIN to search for?
No. P is an explicit placeholder in the pack.
Must one instrument have the same ticker on two venues?
No. Our match uses the instrument information rather than the ticker alone.
Practise with virtual money
Try what you just learned in a practice portfolio with virtual money. You don't deposit any real money.
How the practice portfolio worksKeep learning and practising
More activities on this topic
Instruments, trading and valuation
- A classroom trading tape: count shares, executions and traded value
- Build a classroom capital bridge: share price, market cap and EV
- Audit P/S claims in the classroom: sales, margins and periods
- Share-buyback tokens: cash, ownership and earnings per share
- Share days on a timeline: a classroom weighted-share activity
Sources and examples
The sources support the factual explanations. Calculations and exercises were created for this lesson. Amounts and price changes are invented unless stated otherwise.
This material is educational and does not recommend securities to buy. A simulated result does not guarantee a future result.
