Yes, these were also common in several wire formats I had to use for market data/entry.

You would think char symbol[20] would be inefficient for such performance sensitive software, but for the vast majority of exchanges, their technical competencies were not there to properly replace these readable symbol/IDs with a compact/opaque integer ID like a u32. Several exchanges tried and they had numerous issues with IDs not being "properly" unique across symbol types, or time (restarts intra-day or shortly before the open were a common nightmare), etc. A char symbol[20] and strncpy was a dream by comparison.