Open Symbology

Open Symbology

Proprietary trading environments may have worked well in the past, but they’re a remnant of a time when data systems operated largely as islands that didn’t have to work with other systems.

Today we work in a different world. Markets, customers and governments demand greater connectivity, transparency and efficiency. The openness of Internet-based systems has profoundly altered the way businesses – and individuals – collect, manage, and share information. Thus, in addition to new regulations that demand clarity and accountability, the move to open symbology – a common set of symbols we can all use and understand – is driven by growing investor and institutional demands.

Bloomberg Open Symbology (BSYM) is a practical solution we’re offering immediately, and putting in the public domain. We are providing it to the business community because we understand how transparency and seamless integration is needed more than ever due to recent market turmoil.

Bloomberg Open Symbology is a philosophy, and it’s a business model. Most of all, it’s a living reflection of our belief that our openness brings you an unprecedented balance of flexibility and power, seamlessly bridging the gap between your infrastructure and the ever-changing market. BSYM is free of licensing fees and truly open; it’s completely transparent across far-reaching systems and services, and uses standard symbology across all global asset classes.

Resources

For technical details on how to implement BSYM, please visit the Bloomberg Open Symbology website.