Financial Instrument Global Identifier: Difference between revisions
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* [[Bucharest Stock Exchange]] |
* [[Bucharest Stock Exchange]] |
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* [[Canadian Securities Exchange]] (CSE), formerly the Canadian National Stock Exchange (CNSX) |
* [[Canadian Securities Exchange]] (CSE), formerly the Canadian National Stock Exchange (CNSX) |
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* Euro-TLX |
* Euro-TLX |
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* [[Financial Industry Regulatory Authority]] (FINRA) |
* [[Financial Industry Regulatory Authority]] (FINRA) |
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* [[FTSE|FTSE Real-Time Index]] (FTSE) |
* [[FTSE|FTSE Real-Time Index]] (FTSE) |
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Revision as of 12:06, 11 December 2014
| Full name | Bloomberg Global Identifier |
|---|---|
| Acronym | BBGID |
| Organisation | Bloomberg L.P. |
| Introduced | ~ 2009 |
| No. issued | ~ 180 million active and inactive securities |
| No. of digits | 12 |
| Example | BBG005Y3Z8B6 for Goldman Sachs |
| Website | bsym |
The Bloomberg Global Identifier (BBGID) is an open standard, unique identifier of securities. Securities to which BBGIDs can be issued include common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products.
History
In 2009, Bloomberg released Bloomberg’s Open Symbology ("BSYM"), a flexible and open system for "identifying securities across all global asset classes. BSYM represents an alternative to proprietary security identifiers" that were adopted "in response to investor and institutional demand for unique and non-changing identifiers with no restrictions on usage."[1]
In February 2012, Bloomberg announced an Open Market Data Initiative that incorporated the use of Application Programming Interface (API) "for free use under a nonrestrictive MIT-style license,"[1] which later grew into the Bloomberg Global Identifier.
Regulation
BBGID is regulated by Financial Industry Regulatory Authority (FINRA).
Exchanges
BBGID is implemented on the following exchanges:
- Ace Commodity Exchange (ACE)
- Banja Luka Stock Exchange
- Bermuda Stock Exchange
- Bucharest Stock Exchange
- Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (CNSX)
- Euro-TLX
- Financial Industry Regulatory Authority (FINRA)
- FTSE Real-Time Index (FTSE)
- Hi-MTF Multilateral Trading Facilities (Hi-MTF)
- Indonesia Commodity and Derivatives Exchange (ICDX)
- Kazakhstan Stock Exchange (KASE)
- Mercari
- Multi Commodity Exchange of India (MCX)
- National Stock Exchange of Australia (NSX)
- National Stock Exchange of India (NSE)
- New York Stock Exchange (NYSE)
- OneChicago - ONE Chicago Stock Exchange
- Osaka Securities Exchange (OSE)
- PURE Canadian Stock Exchange
- Quote MTF
- SIM Venture Securities Exchange (SIM VSE)
- The Stock Exchange of Mauritius
Description
The BBGID 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.[2][3][4]
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.[5]
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.[6] In total, the encoding supports more than 852 billion potential values.[7]
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.[2]
License
BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.[6]
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.[8]
- 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.[9]
- 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.[10]
- On April 18, 2012, the Indonesia Commodity & Derivatives Exchange (ICDX) announced that it implemented BBGIDs in its data feeds and websites.[11]
- During a meeting from September 15-19, 2014, Object Management Group announced that it adopted a new standard Financial Instrument Global Identifier developed from the BBGID specification and is fully compatible with all existing issued BBGIDs.[12][13][14]
- On November 14, 2014, SIX Financial Information announced that its Valordata Feed (VDF) and Market Data Feed (MDF) would incorporate BBGIDs.[4]
- May 14, 2014: Nasdaq OMX Group's Nasdaq Last Sale Plus ("NLS Plus"). NLS Plus provides real-time, intraday last sale data for all securities traded on The Nasdaq Stock Market Nasdaq OMX BXSM, NASDAQ OMX PSXSM and the FINRA/NASDAQ Trade Reporting Facility.[15]
See also
References
- ^ a b "Open Market Date Initiative (white paper)" (PDF). Bloomberg. 1 February 2012. Retrieved 11 December 2014.
- ^ a b "Allocation Rules for the Bloomberg Global ID" (PDF). Bloomberg L.P. Retrieved 20 May 2012.
- ^ "Bloomberg Open Symbology". Rimes Technologies Corporation. Retrieved 10 Dec 2014.
- ^ a b "SIX Financial Information adopts Bloomberg Open Symbology". SIX Financial Information. Retrieved 10 Dec 2014.
- ^ "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.
- ^ "OMG Adopts Software and Financial Standards at Austin, Texas Meeting". Object Management Group. Retrieved 10 Dec 2014.
- ^ "Financial Instrument Global Identifier". Object Management Group. Retrieved 10 Dec 2014.
- ^ Sarah Underwood. "Bloomberg Promotes FIGI as Primary Global Security Identifier". A-Team Group. Retrieved 10 Dec 2014.
- ^ "NASDAQ OMX adopts Bloomberg's Open Symbology". Automated Trader. 14 May 2014. Retrieved 11 December 2014.
Further reading
- "Allocation Rules for the Bloomberg Global ID (BBGID)," 19 November 2012 (version: 24.00)