|
|
|
Author: Bloomberg
Source: Waters | 16 Feb 2011
Categories: Regulation & Standards
Topics: whitepaper
Supporting multiple securities identifiers imposes an operational burden that adds cost and latency to critical trading processes. Bloomberg’s recently announced Open Symbology initiative offers an opportunity to iron out time and risk from transaction operations.
Within the securities industry, vendors, markets and financial services companies alike have created hundreds of proprietary symbology sets. Supporting the multitude of identifiers creates cumbersome systems that are expensive to maintain, and diverts resources from innovation that generates alpha. This keeps companies from streamlining operations and realizing efficiencies across business units. Bloomberg's Open Symbology provides a comprehensive, secure and flexible system of global identifiers that is available in the public domain. This paper explores the operational impact that firms can expect from adopting this new industry standard.
More from Waters
Related Articles
Latest Media
Events
Updating your subscription status 
Subscribe to WatersTechnology
WatersTechnology has been designed with our end-users in mind so now you can pick and choose what content you wish to subscribe to and make considerable savings.
Visit our subscribe page now to see which WatersTechnology subscription package suits you.
Events
Training
Email Alerts
Latest Whitepapers
New regulations such as Basel III are changing trading and risk practices by rewarding banks that actively manage their risk exposure at an enterprise...
Supporting multiple securities identifiers imposes an operational burden that adds cost and latency to critical trading processes. Bloomberg’s recently...
Visitor comments Add your comment