Bloomberg Drops BICS for ICB, GICS

In another move toward openness, Bloomberg is to adopt two rival standards for classifying securities by industry sector, the Global Industry Classification Standard from Standard & Poor's and MSCI, and the Industry Classification Benchmark from Dow Jones and FTSE.

S&P announced that Bloomberg would use GICS in its Bloomberg Professional terminals last week. But sources tell IMD of a separate deal between Bloomberg and ICB in which Bloomberg has agreed to use the ICB standard in all Bloomberg