About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Opens Website Dedicated to the Financial Instrument Global Identifier and Adds API

Subscribe to our newsletter

Bloomberg continues to promote industry use of the Financial Instrument Global Identifier (FIGI), a free and open data standard for financial instrument identification, through the introduction of OpenFIGI.com and OpenFIGI API. The OpenFIGI.com website provides access to tools for identifying, mapping and requesting FIGI datasets, while the OpenFIGI API allows mapping from third-party identifiers to FIGIs on the fly.

The website had a soft launch in December 2015 and was made fully operational last week. Since then, over 1,500 users have registered on the site, although it is not imperative to register to use the website tools and access the open API. Information about the FIGI and functionality to download the identifiers was previously on the Bloomberg website, but is now on the separate OpenFIGI.com site – perhaps in an attempt to distance the identifier from Bloomberg. The site is maintained by the FIGI team, which includes Peter Warms, senior manager of fixed income, entity, regulatory content and symbology at Bloomberg; Richard Robinson, leader of industry initiatives and strategy in the open symbology group at Bloomberg; and Richard Young, leader of regulatory initiatives and strategy in the open symbology group.

Robinson says: “One of our goals for OpenFIGI.com and the API is to enable organisations to break through the complexities of financial instrument identification and mapping by providing a central solution of unique identifiers across all asset classes. This approach reduces cost, increases data quality and increases speed for all participants involved.”

The OpenFIGI.com website enhances functionality around the FIGI, offering live access to the identifiers and tools to allow users to search available open symbology data, access updates related to the FIGI and obtain the OpenFIGI API. The API offers mapping from third-party identifiers to the FIGI and allows users to programmatically access related open symbology metadata. Initially, Robinson expects users of the website to input symbols to discover their matching FIGIs and to use the API to automate searches or the mapping of symbols to FIGIs.

He suggests the FIGI has passed the tipping point of adoption and is in significant use across the financial industry, and says: “The final frontier is educating people on standards and helping them understand that the FIGI is a standard that has been approved by the Object Management Group.” Meantime, Bloomberg’s open symbology team continues to build out FIGI functionality on the OpenFIGI.com website and around the OpenFIGI API. It is also in the process of setting up an advisory board of chief data officers to provide guidance on the future direction of open symbology.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Hearing from the Experts: AI Governance Best Practices

9 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical...

BLOG

Standards and Identifiers Help to Prevent ‘Data Chaos’: Webinar Preview

Financial institutions’ absorption of ever-greater volumes of data, and their utilisation of it in a surging number of use cases, is putting strains on their data management processes. Taking the friction out of those workflows can improve performance substantially. But the absence of a unified international set of standards to ensure all data used by...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulation and Risk as Data Management Drivers

A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. Fill in the form to get immediate access to the accompanying Special Report. Alongside death and taxes, perhaps the only other certainty in life is that regulation of the financial markets will increase in future years. How do...