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.
- Presentation: Proprietary Trading 2.0: Enter Open Symbology, Screen Event, Amsterdam, September 23, 2010 – Kevin McGilloway, Head of Business Development at Bloomberg Enterprise Products and Solutions
- White Paper: Open Symbology and Market Identifiers Overview
- White Paper: Open Symbology – Third-Party Providers Realize Benefits
- White Paper: Open Symbology – A Case Study with Banco Central do Brasil
- White Paper: Below the Waterline – Overdue Efficiencies with Open Security Identifiers by Townsend Analytics/RealTick
- Fact Sheet: ID Symbology Fact Sheet
- Fact Sheet: Global ID Fact Sheet
- Podcast: Bloomberg's Enterprise Point of View Series: Open Symbology – An Overview with Peter Warms, Global Head of ID and Symbology Development
- Podcast: Bloomberg's Enterprise Point of View Series: Open Symbology – An Operational Impact with Kevin McGilloway, Head of Business Development, Enterprise Products & Solutions
- Press Release: NYSE Euronext and Bloomberg Bring Open Symbology to Data Feeds
- Press Release: Bucharest Stock Exchange Adopts Bloomberg Identifiers
- Press Release: Ace Commodity Exchange Implements Bloomberg's Global Identifiers
- View All Resources
For technical details on how to implement BSYM, please visit the Bloomberg Open Symbology website.