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

Rimes Sets Out Bloomberg Open Symbology Adoption Plan

Subscribe to our newsletter

Rimes has joined the growing group of data service providers offering Bloomberg Open Symbology (BSYM) to help clients streamline workflow and reduce operational risk. The company has gone live with Bloomberg’s global security identifier (BBGID) on the Rimes Benchmark Data Service and is initially providing cover across the 100-plus equity data sources it offers. Later this quarter or early next it will add BSYM for fixed income assets, before moving on to adopt the symbology for derivatives and more complex assets.

The company is delivering the Bloomberg securities identifier in daily data feeds to clients that have expressed interest in using it and expects the user group to expand as customers realise the benefits of a free security identifier that covers every asset class and millions of securities down to quote level.

Commenting on the adoption of BSYM for the benchmark data service, Rimes CEO and co-founder, Christian Fauvelais, says: “Improving efficiency and reducing complexity are two of the key principles that Rimes is built on. BSYM is a mission critical reference tool that combined with our data flow capabilities will help our clients achieve further efficiencies in their data management processes.”

Patrick Walsh, vice president and product manager at Rimes, notes that adding the BBGID to the benchmark data service was not particularly taxing as it is, essentially, just another data set and explains that customers opting to include the Bloomberg key in data feeds now receive files containing selected benchmark data, meta data and the necessary BBGIDs. He says this is early days for BSYM, but suggests its future is bright, saying: “BSYM is interesting a it is free and where lots of keys from other reference data companies are proprietary and driven by specific asset classes, the Bloomberg key is open and covers everything.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

17 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise...

BLOG

November 2025 Deadline for ISO 20022: Are We Ready?

Global payment networks are undergoing a fundamental transformation as the financial industry transitions to ISO 20022 – a structured messaging standard designed to replace legacy formats and drive interoperability. In capital markets and treasury operations, this shift is most evident in the SWIFT cross-border payments network and high-value systems like the U.S. Fedwire. SWIFT’s Cross-Border...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2019/2020 – Seventh Edition

Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...