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 Symbology (BSYM) Enters Asian Markets

Subscribe to our newsletter

Ace Derivatives and Commodity Exchange, a Kotak Group anchored commodity exchange in India, has successfully completed integration of the Bloomberg Global Identifier (‘BBGID’). The Exchange supports Bloomberg’s Open Symbology (BSYM), and is the first exchange to adopt the BBGID in Asia.

Dilip Bhatia, Chief Executive Officer of Ace Commodity Exchange said, “We see Bloomberg’s Open Symbology gaining traction, in particular amongst exchanges, because it is assigned at the exchange level. This fulfils an ongoing need of our customer base.”

Ace Commodity Exchange’s daily prices are tracked live on the Bloomberg Professional service. “Ace Commodity Exchange joins a global list of exchanges and third parties that have adopted Bloomberg’s Open Symbology platform and are helping it become an industry standard,” said Peter Warms of Bloomberg’s Data License and Symbology Business, “BSYM’s comprehensive, yet intuitive rulebook provides clarity, transparency and efficiency the global marketplace.”

The Bloomberg Global ID (‘BBGID’) is at the heart of Bloomberg’s Open Symbology initiative launched in November 2009. The BBGID is a 12-digit alphanumerical identifier that comprehensively covers more than 36 million active and inactive securities globally. It is available free of licensing fees and is completely inclusive of far-reaching systems and services, and uses standard symbology across all global asset classes.

Henceforth, commodities traded on the Ace Commodity Exchange will be assigned BBGIDs.

Subscribe to our newsletter

Related content

WEBINAR

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

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 and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Nature-Risk Data Proposals Hailed as Pathway to Better Investment Decisions

Proposals to improve the nature-risk data value chain has been welcomed by sustainability data leaders who said they will pave the way for better decision making and reporting by financial institutions and provide more detailed analyses for investors. The proposals offer a slate of principles to improve the quality of state-of-nature data collection and integration...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...