Translation is even important on the Stock Exchange June 14, 2012
Posted by Jill (@bonnjill) in Fun stuff.trackback
As one of my friends commented on Facebook this morning, “I was wondering how long it would take this Spanish company to realize that their stock wasn’t selling well in America.” This just goes to show you how important having a good translator (or at least someone who is well-versed in both cultures) is. Apparently, Banco Santander, S.A. has announced it is changing its NYSE ticker from STD to SAN effective with commencement of trading this morning. Apparently no investors wanted to buy STDs.
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Ha! What a great punch line… I’ll have to remember that.
Hm. That’s interesting. Can translators earn money from obtaining information while they are translating?
Actually, that would be illegal. Many translation agencies that specialize in financial translation and work with insider information have to keep insider lists of employees/freelancers/etc. who have access to information that could be used for insider trading.