Financial Instrument Global Identifier: Difference between revisions
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Revision as of 15:27, 21 November 2014
A Bloomberg Global Identifier (BBGID) uniquely identifies a security. Its structure is defined by Bloomberg L.P. BBGIDs have been created for more than 180 million unique securities, representing most asset classes of the financial markets. The BBGID is a 12-character alpha-numerical code that does not contain information characterizing financial instruments, but serves for uniform unique global identification. Once issued, a BBGID is never reused and represents the same instrument in perpetuity.[1]
Securities to which BBGIDs can be issued include common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. Unique BBGIDs identify securities as well as individual exchanges on which they trade. Composite BBGIDs are also issued to represent unique securities across related exchanges. For instance, Apple Inc. common stock trades on 14 exchanges in the United States. There exists a unique BBGID to identify the common stock on each individual exchange, but also a composite BBGID to represent the company's common stock traded on United States exchanges.[2]
Description
A BBGID consists of three parts: A three-character "BBG" prefix, to easily identify it as a BBGID; an eight character alpha-numeric code which does not contain English vowels "A", "E", "I", "O", or "U"; and a single check digit.[3] In total, the encoding supports more than 852 billion potential values.[4]
Issuance
Unique BBGIDs are published by Bloomberg L.P. and datasets are both searchable and available for download via the Bloomberg Open Symbology website. BBGIDs are never reused and once issued, represent an instrument in perpetuity. An instrument's BBGID never changes as a result of any corporate action.[1]
License
BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.[3]
Adoption
On March 19, 2010, NYSE Euronext announced that beginning in April, NYSE Euronext would start distributing BBGIDs along with their own proprietary security identifiers on all of their data products globally.[5]
On March 21, 2010, the Financial Industry Regulatory Authority (FINRA) announced that BBGIDs would now be accepted to uniquely identify securities reported to its U.S. Securities and Exchange Commission (SEC) mandated Trade Reporting And Compliance Engine (TRACE) program.[6]
On June 27, 2011, the ACE Commodity Exchange in India completed integration to assign and distribute BBGIDs for securities on the exchange, becoming the first exchange in Asia to adopt the identifiers.[7]
On April 18, 2012, the Indonesia Commodity & Derivatives Exchange (ICDX) announced that it implemented BBGIDs in its data feeds and websites.[8]
References
- ^ a b "Allocation Rules for the Bloomberg Global ID" (PDF). Bloomberg L.P. Retrieved 20 May 2012.
- ^ "BSYM: Bloomberg Open Symbology". Bloomberg L.P. Retrieved 18 May 2012.
- ^ a b "Bloomberg ID Symbology" (PDF). Bloomberg L.P. Retrieved 18 May 2012.
- ^ "Bloomberg Global ID" (PDF). Bloomberg L.P. Retrieved 18 May 2012.
- ^ Schmerken, Ivy. "NYSE Euronext Joins Forces with Bloomberg on Market Data Open Symbology". Wall Street & Technology. Retrieved 18 May 2012.
- ^ "Bloomberg Open Symbology Gains Traction with Take-Up by Finra". A-Team Group. Retrieved 18 May 2012.
- ^ "Ace Commodity Exchange Implements Bloomberg's Global Identifiers". ACE Commodity Exchange. Retrieved 18 May 2012.
- ^ "ICDX of Indonesia Adopts Bloomberg's Open Symbology". Asia ETrading. Retrieved 18 May 2012.