Financial Instrument Global Identifier
| Full name | Bloomberg Global Identifier |
|---|---|
| Acronym | BBGID |
| Organisation | Bloomberg L.P. |
| Introduced | ~ 2009 |
| No. issued | ~ 180 million active and inactive financial instruments |
| No. of digits | 12 |
| Example | BBG005Y3Z8B6 for Goldman Sachs |
| Website | bsym |
The Bloomberg Global Identifier (BBGID) is an open standard, unique identifier of financial instruments that can be issued to instruments including 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 system for identifying financial instruments across asset classes.[1] As of 2015 the name Bloomberg Global Identifier (BBGID) is in the process of being replaced by Bloomberg with the Financial Instrument Global Identifier (FIGI).[2]
Users
BBGIDs have been adopted in the market data feeds of 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
BBGIDs have been adopted for use by the following regulators:
The Financial Instrument Global Identifier (FIGI) standard has been adopted by the not-for-profit standards organisation Object Management Group (OMG).
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.[3]
- 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.[4]
- June 27, 2011: ACE Commodity Exchange in India. Became the first exchange in Asia to adopt the identifiers.[5]
- April 18, 2012: Indonesia Commodity and Derivatives Exchange (ICDX)[6]
- 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.[7][8][9]
- November 14, 2014: SIX Financial Information's Valordata Feed (VDF) and Market Data Feed (MDF)[10]
- 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.[11]
- October 9, 2014: Financial Instrument Global Identifier (FIGI) standard adopted by OMG. [12]
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.[10]
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.[15]
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.[16] In total, the encoding supports more than 852 billion potential values.[17]
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.[13]
License
BBGIDs are released free into the public domain with no commercial terms or restrictions on usage.[16]
See also
References
- ^ "Open Market Date Initiative (white paper)" (PDF). Bloomberg. 1 February 2012. Retrieved 11 December 2014.
- ^ "Bloomberg Labs Blog" (PDF). Bloomberg. 5 January 2015. Retrieved 11 June 2015.
- ^ 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.
- ^ a b "SIX Financial Information adopts Bloomberg Open Symbology". SIX Financial Information. Retrieved 10 Dec 2014.
- ^ "NASDAQ OMX adopts Bloomberg's Open Symbology". Automated Trader. 14 May 2014. Retrieved 11 December 2014.
- ^ BloombergLabs Blog. Bloomberg http://www.bloomberglabs.com/symbology/2014/10/09/bloomberg-symbology-adopted-omg-global-identifier-standard/. Retrieved 11 June 2015.
{{cite web}}: Missing or empty|title=(help) - ^ a b "Allocation Rules for the Bloomberg Global ID" (PDF). Bloomberg. Retrieved 20 May 2012.
- ^ "Bloomberg Open Symbology". Rimes Technologies Corporation. 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.
Further reading
- "Allocation Rules for the Bloomberg Global ID (BBGID)," 19 November 2012 (version: 24.00)