Jump to content

Financial Instrument Global Identifier: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
BrillLyle (talk | contribs)
48,792 edits
m tighten up adoption, possibly move to history?
BrillLyle (talk | contribs)
48,792 edits
m moved adoption into history section
Line 50: Line 50:
* SIM Venture Securities Exchange (SIM VSE)
* SIM Venture Securities Exchange (SIM VSE)
* [[The Stock Exchange of Mauritius]]
* [[The Stock Exchange of Mauritius]]

⚫
=== Adoption ===
⚫
* March 19, 2010: [[NYSE Euronext]]. April 2010 distribution of BBGIDs along with their own proprietary security identifiers on all of their data products globally.<ref>{{cite web|last=Schmerken|first=Ivy|title=NYSE Euronext Joins Forces with Bloomberg on Market Data Open Symbology|url=http://www.wallstreetandtech.com/data-management/224000168|work=Wall Street & Technology|accessdate=18 May 2012}}</ref>
⚫
* March 21, 2010: [[Financial Industry Regulatory Authority]] (FINRA). BBGIDs accepted to uniquely identify securities reported to its [[U.S. Securities and Exchange Commission]] (SEC) mandated [[Trade Reporting And Compliance Engine]] (TRACE) program.<ref>{{cite web|title=Bloomberg Open Symbology Gains Traction with Take-Up by Finra|url=http://www.a-teamgroup.com/article/bloomberg-open-symbology-gains-traction-with-take-up-by-finra/|publisher=A-Team Group|accessdate=18 May 2012}}</ref>
⚫
* June 27, 2011: ACE Commodity Exchange in India. Became the first exchange in Asia to adopt the identifiers.<ref>{{cite web|title=Ace Commodity Exchange Implements Bloomberg's Global Identifiers|url=http://www.aceindia.com/Ace_Implements_Bloomberg|publisher=ACE Commodity Exchange|accessdate=18 May 2012}}</ref>
⚫
* April 18, 2012: [[Indonesia Commodity and Derivatives Exchange]] (ICDX)<ref>{{cite web|title=ICDX of Indonesia Adopts Bloomberg’s Open Symbology|url=http://www.asiaetrading.com/icdx-of-indonesia-adopts-bloombergs-open-symbology/|publisher=Asia ETrading|accessdate=18 May 2012}}</ref>
⚫
* September 15-19, 2014: [[Object Management Group]]. Adopted a new standard Financial Instrument Global Identifier developed from the BBGID specification and is fully compatible with all existing issued BBGIDs.<ref>{{cite web|title=OMG Adopts Software and Financial Standards at Austin, Texas Meeting|url=http://www.omg.org/news/releases/pr2014/10-20-14.htm|publisher=Object Management Group|accessdate=10 Dec 2014}}</ref><ref>{{cite web|title=Financial Instrument Global Identifier|url=http://www.omg.org/spec/FIGI/1.0/Beta1/PDF|publisher=Object Management Group|accessdate=10 Dec 2014}}</ref><ref>{{cite web|title=Bloomberg Promotes FIGI as Primary Global Security Identifier|url=http://referencedatareview.com/blog/bloomberg-promotes-figi-primary-global-security-identifier|publisher=A-Team Group|author=Sarah Underwood|accessdate=10 Dec 2014}}</ref>
⚫
* November 14, 2014: [[SIX Financial Information]]'s Valordata Feed (VDF) and Market Data Feed (MDF)<ref name=six_financial />
⚫
* 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.<ref name=AutomatedTrader-NASDAQ-2014>{{cite news|title=NASDAQ OMX adopts Bloomberg's Open Symbology|url=http://www.automatedtrader.net/headlines/150227/nasdaq-omx-adopts-bloombergs-open-symbology|accessdate=11 December 2014|work=Automated Trader|date=14 May 2014}}</ref>


== Description ==
== Description ==
Line 65: Line 74:
== License ==
== License ==
BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.<ref name="Bloomberg ID Symbology"/>
BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.<ref name="Bloomberg ID Symbology"/>

⚫
== Adoption ==
⚫
* March 19, 2010: [[NYSE Euronext]]. April 2010 distribution of BBGIDs along with their own proprietary security identifiers on all of their data products globally.<ref>{{cite web|last=Schmerken|first=Ivy|title=NYSE Euronext Joins Forces with Bloomberg on Market Data Open Symbology|url=http://www.wallstreetandtech.com/data-management/224000168|work=Wall Street & Technology|accessdate=18 May 2012}}</ref>
⚫
* March 21, 2010: [[Financial Industry Regulatory Authority]] (FINRA). BBGIDs accepted to uniquely identify securities reported to its [[U.S. Securities and Exchange Commission]] (SEC) mandated [[Trade Reporting And Compliance Engine]] (TRACE) program.<ref>{{cite web|title=Bloomberg Open Symbology Gains Traction with Take-Up by Finra|url=http://www.a-teamgroup.com/article/bloomberg-open-symbology-gains-traction-with-take-up-by-finra/|publisher=A-Team Group|accessdate=18 May 2012}}</ref>
⚫
* June 27, 2011: ACE Commodity Exchange in India. Became the first exchange in Asia to adopt the identifiers.<ref>{{cite web|title=Ace Commodity Exchange Implements Bloomberg's Global Identifiers|url=http://www.aceindia.com/Ace_Implements_Bloomberg|publisher=ACE Commodity Exchange|accessdate=18 May 2012}}</ref>
⚫
* April 18, 2012: [[Indonesia Commodity & Derivatives Exchange]] (ICDX)<ref>{{cite web|title=ICDX of Indonesia Adopts Bloomberg’s Open Symbology|url=http://www.asiaetrading.com/icdx-of-indonesia-adopts-bloombergs-open-symbology/|publisher=Asia ETrading|accessdate=18 May 2012}}</ref>
⚫
* September 15-19, 2014: [[Object Management Group]]. Adopted a new standard Financial Instrument Global Identifier developed from the BBGID specification and is fully compatible with all existing issued BBGIDs.<ref>{{cite web|title=OMG Adopts Software and Financial Standards at Austin, Texas Meeting|url=http://www.omg.org/news/releases/pr2014/10-20-14.htm|publisher=Object Management Group|accessdate=10 Dec 2014}}</ref><ref>{{cite web|title=Financial Instrument Global Identifier|url=http://www.omg.org/spec/FIGI/1.0/Beta1/PDF|publisher=Object Management Group|accessdate=10 Dec 2014}}</ref><ref>{{cite web|title=Bloomberg Promotes FIGI as Primary Global Security Identifier|url=http://referencedatareview.com/blog/bloomberg-promotes-figi-primary-global-security-identifier|publisher=A-Team Group|author=Sarah Underwood|accessdate=10 Dec 2014}}</ref>
⚫
* November 14, 2014: [[SIX Financial Information]]'s Valordata Feed (VDF) and Market Data Feed (MDF)<ref name=six_financial />
⚫
* 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.<ref name=AutomatedTrader-NASDAQ-2014>{{cite news|title=NASDAQ OMX adopts Bloomberg's Open Symbology|url=http://www.automatedtrader.net/headlines/150227/nasdaq-omx-adopts-bloombergs-open-symbology|accessdate=11 December 2014|work=Automated Trader|date=14 May 2014}}</ref>


== See also ==
== See also ==

Revision as of 12:17, 11 December 2014

Bloomberg Global Identifier
Full nameBloomberg Global Identifier
AcronymBBGID
OrganisationBloomberg L.P.
Introduced~ 2009
No. issued~ 180 million active and inactive securities
No. of digits12
ExampleBBG005Y3Z8B6 for Goldman Sachs
Websitebsym.bloomberg.com/sym/

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:

Adoption

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.[11]

[12][9]

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.[13]

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.[14] In total, the encoding supports more than 852 billion potential values.[15]

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.[11]

License

BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.[14]

See also

References

  1. ^ a b "Open Market Date Initiative (white paper)" (PDF). Bloomberg. 1 February 2012. Retrieved 11 December 2014.
  2. ^ Schmerken, Ivy. "NYSE Euronext Joins Forces with Bloomberg on Market Data Open Symbology". Wall Street & Technology. Retrieved 18 May 2012.
  3. ^ "Bloomberg Open Symbology Gains Traction with Take-Up by Finra". A-Team Group. Retrieved 18 May 2012.
  4. ^ "Ace Commodity Exchange Implements Bloomberg's Global Identifiers". ACE Commodity Exchange. Retrieved 18 May 2012.
  5. ^ "ICDX of Indonesia Adopts Bloomberg's Open Symbology". Asia ETrading. Retrieved 18 May 2012.
  6. ^ "OMG Adopts Software and Financial Standards at Austin, Texas Meeting". Object Management Group. Retrieved 10 Dec 2014.
  7. ^ "Financial Instrument Global Identifier". Object Management Group. Retrieved 10 Dec 2014.
  8. ^ Sarah Underwood. "Bloomberg Promotes FIGI as Primary Global Security Identifier". A-Team Group. Retrieved 10 Dec 2014.
  9. ^ a b "SIX Financial Information adopts Bloomberg Open Symbology". SIX Financial Information. Retrieved 10 Dec 2014.
  10. ^ "NASDAQ OMX adopts Bloomberg's Open Symbology". Automated Trader. 14 May 2014. Retrieved 11 December 2014.
  11. ^ a b "Allocation Rules for the Bloomberg Global ID" (PDF). Bloomberg. Retrieved 20 May 2012.
  12. ^ "Bloomberg Open Symbology". Rimes Technologies Corporation. Retrieved 10 Dec 2014.
  13. ^ "BSYM: Bloomberg Open Symbology". Bloomberg L.P. Retrieved 18 May 2012.
  14. ^ a b "Bloomberg ID Symbology" (PDF). Bloomberg L.P. Retrieved 18 May 2012.
  15. ^ "Bloomberg Global ID" (PDF). Bloomberg L.P. Retrieved 18 May 2012.

Further reading

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Financial_Instrument_Global_Identifier&oldid=637615512"