Code Breaking


Symbology could be the latest way to improve your margins.

Don’t laugh yet. Think about it.

As financial services firms search for new ways to cut costs, they are examining processing errors and delays. And one cause of these problems are misunderstandings about where an issue is traded and who traded it.

That’s because currently there is no unique security identification code that identifies the issue, the instrument or official place of listing and the place of trade. For example, ISIN--the

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