OMG Chooses Bloomberg Symbology For Spec

Peter Warms, Bloomberg

The Object Management Group (OMG), a non-profit standards consortium, is putting forward a Financial Instrument Global Identifier (FIGI) specification based on Bloomberg's Open Symbology for securities identification.

OMG is inviting public comment on FIGI through May 19. OMG's Architecture Board plans to vote on a completed FIGI specification in December.

By using Bloomberg's Open Symbology as a basis for FIGI, those using the specification will get an open standard that is more accessible than

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