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Bloomberg Symbology Accepted by FINRA for Regulatory Reporting

March 20, 2012

NEW YORK — Bloomberg executives announced today that the
Financial Industry Regulatory Authority (FINRA), the largest
independent regulator for securities firms doing business in the
United States, now recognizes Bloomberg Open Symbology (BSYM)
for its Trade Reporting and Compliance Engine (TRACE).

Bloomberg Open Symbology, or BSYM, gives financial firms,
exchanges and data providers an alternative to using proprietary
naming conventions, which typically come with costly and
restrictive license agreements.

“Firms often have to license several proprietary symbologies in
order to manage trading operations in multiple markets and
across asset classes,” said Peter Warms, head of Bloomberg’s
Open Symbology group. “BSYM is a robust, open and free-use
alternative to proprietary libraries. Its ongoing adoption
reflects the industry’s desire to maximize market connectivity
and transparency, while facing the need to reduce costs.”

Broker-dealers that are registered with FINRA are required by
the Securities Exchange Commission (SEC) to report trades of
corporate bonds and securitized products to the TRACE system in
a mandated timeframe. The reportable bond-universe tracked by
TRACE increased significantly in 2011 when it started accepting
data related to asset and mortgage backed securities in addition
to corporate and agency bond information.

The centerpiece of Bloomberg Open Symbology is the Bloomberg
Global Identifier (BBGID), a 12-digit alphanumeric identifier
that covers more than 75 million active and inactive securities
globally. It is available free of licensing fees, restrictions
or commercial terms and uses a standard methodology across all
global asset classes. A BBGID is assigned instantly upon
security set-up on the Bloomberg Professional® service, and once
assigned it is non-changing and unique to the listing level.
While Bloomberg’s market data and trading applications use BSYM,
the methodology can be used for any purpose and incorporated
into any vendor’s system now, and in the future.

For more information about Bloomberg’s Open Symbology please
visit Bloomberg’s Open Market Data Initiative homepage at or contact Peter Warms at +609-279-
3478 or

About Bloomberg:

Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people
and ideas. The company’s strength — delivering data, news and
analytics through innovative technology, quickly and accurately
— is at the core of the Bloomberg Professional® service, which
provides real time financial information to more than 310,000
subscribers globally. Bloomberg’s enterprise solutions build on
the company’s core strength, leveraging technology to allow
customers to access, integrate, distribute and manage data and
information across organizations more efficiently and

Media Contacts:

Americas – Vera Newhouse, +212-617-6420,

EMEA – Peter Thomas, +44-20-3525-8276,

APAC – Stella Xu, +86-10-6649-7551,