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Financial Instrument Global Identifier

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Financial Instrument Global Identifier
Full nameFinancial Instrument Global Identifier
AcronymFIGI
OrganisationBloomberg L.P.
Introduced~ 2009
No. issued~ 270 million active and inactive financial instruments
No. of digits12
ExampleBBG005Y3Z8B6 for Goldman Sachs
Websitebsym.bloomberg.com/sym/

The Financial Instrument Global Identifier (FIGI) (formerly 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) was replaced by Bloomberg with the Financial Instrument Global Identifier (FIGI).[2]

Users

FIGIs have been adopted in the market data feeds of the following exchanges:

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

Description

The FIGI structure is defined by Bloomberg L.P. FIGI have been created for more than 270 million unique securities, representing most asset classes of the financial markets. The FIGI 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 FIGI is never reused and represents the same instrument in perpetuity.[10]

[13][14]

Unique FIGIs identify securities as well as individual exchanges on which they trade. Composite FIGIs 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 FIGI to identify the common stock on each individual exchange, but also a composite FIGI to represent the company's common stock traded on United States exchanges.[15]

A FIGI consists of three parts: A three-character "BBG" prefix, to easily identify it as a FIGI; 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 FIGIs are published by Bloomberg L.P. and datasets are both searchable and available for download via the Bloomberg Open Symbology website. FIGIs are never reused and once issued, represent an instrument in perpetuity. An instrument's FIGI never changes as a result of any corporate action.[13]

License

FIGIs are released free into the public domain with no commercial terms or restrictions on usage.[16]

See also

References

  1. ^ "Open Market Date Initiative (white paper)" (PDF). Bloomberg. 1 February 2012. Retrieved 11 December 2014.
  2. ^ "Bloomberg Labs Blog" (PDF). Bloomberg. 5 January 2015. Retrieved 11 June 2015.
  3. ^ Schmerken, Ivy. "NYSE Euronext Joins Forces with Bloomberg on Market Data Open Symbology". Wall Street & Technology. Retrieved 18 May 2012.
  4. ^ "Bloomberg Open Symbology Gains Traction with Take-Up by Finra". A-Team Group. Retrieved 18 May 2012.
  5. ^ "Ace Commodity Exchange Implements Bloomberg's Global Identifiers". ACE Commodity Exchange. Retrieved 18 May 2012.
  6. ^ "ICDX of Indonesia Adopts Bloomberg's Open Symbology". Asia ETrading. Retrieved 18 May 2012.
  7. ^ "OMG Adopts Software and Financial Standards at Austin, Texas Meeting". Object Management Group. Retrieved 10 Dec 2014.
  8. ^ "Financial Instrument Global Identifier". Object Management Group. Retrieved 10 Dec 2014.
  9. ^ Sarah Underwood. "Bloomberg Promotes FIGI as Primary Global Security Identifier". A-Team Group. Retrieved 10 Dec 2014.
  10. ^ a b "SIX Financial Information adopts Bloomberg Open Symbology". SIX Financial Information. Retrieved 10 Dec 2014.
  11. ^ "NASDAQ OMX adopts Bloomberg's Open Symbology". Automated Trader. 14 May 2014. Retrieved 11 December 2014.
  12. ^ 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)
  13. ^ a b "Allocation Rules for the Bloomberg Global ID" (PDF). Bloomberg. Retrieved 20 May 2012.
  14. ^ "Bloomberg Open Symbology". Rimes Technologies Corporation. Retrieved 10 Dec 2014.
  15. ^ "BSYM: Bloomberg Open Symbology". Bloomberg L.P. Retrieved 18 May 2012.
  16. ^ a b "Bloomberg ID Symbology" (PDF). Bloomberg L.P. Retrieved 18 May 2012.
  17. ^ "Bloomberg Global ID" (PDF). Bloomberg L.P. Retrieved 18 May 2012.

Further reading

External links

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