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: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Governance to be Scrutinised at Inaugural AI in Data Management Summit NYC

Ensuring artificial intelligence deployments are securely governed without stymieing their potential is a delicate balancing act. It requires carefully drawn policies, frameworks and processes. As deployment of the technology expands and its capabilities and complexity multiply, the governance structure must adapt and evolve. How to get this right is among the most important topics swirling...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...