Beginning next month, Nyse Euronext will distribute Bloomberg Open Symbology (BSYM) along with Nyse Euronext’s standard security identifiers for New York Stock Exchange listed companies through all of its data products globally.
Combining Bloomberg BSYM, the free and open symbology in market data, with Nyse Euronext proprietary data feeds, this move by Nyse Euronext and Bloomberg is expected to meet the need for open standards in reference data. This solution is likely to provide standardization and interoperability between Nyse Euronext’s data feeds and Bloomberg’s value-added content.
Bloomberg and Nyse Euronext will collaborate to maintain an open, market-based solution that integrates their core market information services as a vendor and supplier, respectively. Nyse Euronext will offer its data feeds and products for coding and mapping on the BSYM platform through a tiered rollout that will begin in April with its OpenBook product.
After Bloomberg completes the mapping process for all New York Stock Exchange-listed ticker symbols and security identifiers, Nyse Euronext and its affiliates will globally distribute the new BSYM codes through its data feeds and related products.
Larry Leibowitz, chief operating officer at Nyse Euronext, said: “Nyse Euronext is pleased to join with Bloomberg in delivering this innovative, market-based approach to benefit our customers and the investing public. Taking the lead in providing a global uniform standard demonstrates our joint commitment to move the industry forward by providing increased transparency and improved access while lowering costs.”
Mark Pesonen, head of enterprise products and solutions at Bloomberg, said: “Bloomberg has revolutionized the market data industry by creating a free and open standard, Bloomberg Open Symbology. BSYM contains the same identifiers used globally in the Bloomberg Professional service, now available to everyone in the investing public.
“Furthering our commitment to open standards, we now provide an integrated solution between BSYM and all Nyse Euronext feeds. In an atmosphere of increased cross-border trading, this solution allows for quick integration into users’ systems to give the industry even greater flexibility.”
