New Industry Initiative for a Derivatives Product Identification Standard

Fundamental to providing quality price data is the accurate identification of the instrument to which it belongs. In the securities markets this has long been available through the use of industry codes such as ISINs and CUSIPs, but the OTC markets have lacked internationally accepted identifiers. This has presented PaceMetrics with complexities in enforcing a ‘golden[…]

The Financial Instrument Global Identifier (FIGI)

The Financial Instrument Global Identifier (FIGI) is an open standard, a unique identifier of financial instruments, originally introduced by Bloomberg as the Bloomberg Global Identifier. It seems to be gradually moving towards acceptance as a primary security identifier, and a potential ISO standard. What is a Financial Instrument Global Identifier? The OMG FIGI specs