Financial Instrument Global Identifier (Figi)
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Waters Wrap: The drama within reference data
Anthony looks at four major stories recently published that will not just affect reference data professionals, but firms of all shapes and sizes.
Derivatives Service Bureau allows alternative identifiers for OTC derivatives UPI
The numbering agency has partnered with SmartStream and ICE to cross-reference and map the underlying asset’s identifier to the relevant Isin.
Defendants in Cusip suit make their case for dismissal
Cusip Global Services and its affiliates have filed a joint motion to dismiss the anti-trust class-action lawsuit.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.
EC ends S&P’s 53-year era as Cusip’s "cash-cow" operator
Sources ID Ice and DTCC as suitors, but new owners may not bring relief to users paying millions.
This Week: SmartStream, LSEG/Finbourne, FactSet/Cobalt, DTCC, BNP Paribas, and more
A summary of some of the past week’s financial technology news.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Waters Wrap: Snowflake Makes its Move (And Ref Data Headaches & Data-Sourcing-as-a-Service)
Anthony explores how Snowflake is trying to win over business in the cap markets, talks about the reference data space, and examines a new breed of data vendors.
Buy Side, FISD Begin Industry Push for Alt Data Standards
Alternative data holds great promise as a leading indicator of alpha. But in response to firms struggling with the data science aspects of integrating the data, various industry participants are pursuing new initiatives to make it more accessible,…
How Bloomberg’s Failed FIGI Vote Reveals a Substandard Standards Process
A failed ballot for a Bloomberg-backed identifier reveals the enormous consequences of industry tendencies toward complacency and cost-cutting.
European Commission Adopts ISIN and RTS 23 Under MiFID II
The commission's decision to keep the ISIN identifier standard reaps criticism from industry professionals
Opening Cross: If Data and Standards Were Easy…
Whether dealing with utility startups or commercial offerings, should you throw your weight behind making something a "standard," or back alternatives in the spirit of healthy competition?
How FIGI Helps Track Swaps Lifecycles
In this month's contributed "Industry Warehouse" column, Bloomberg's Richard Robinson highlights the identifier's value
Golden Copy: Maybe It's Not a Tale of Two Identifiers
Could there be a standard that helps market participants find liquidity?
Golden Copy: Desperately Seeking Standards
Competing identifier formats, as well as proprietary APIs, raise interest in standardization
Not Just Another ID in a Database
ISIN Controversy Rises Again in Europe
OMG Adopts FIGI Identifier Standard
Standards consortium recognizes instrument identifier