The Financial Instrument Global Identifier (FIGI) (formerly Bloomberg Global Identifier (BBGID)) is an open standard, unique identifier of financial instruments that can be assigned to instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. Also see: Open Data
History
In 2009, Bloomberg released Bloomberg’s Open Symbology ("BSYM"), a system for identifying financial instruments across asset classes.
As of 2014 the name and identifier called 'Bloomberg Global Identifier' (BBGID) was replaced in full and adopted by the Object Management Group and Bloomberg with the standard renamed as the 'Financial Instrument Global Identifier' (FIGI).
The Financial Instrument Global Identifier (FIGI) standard was given "approved status" by the Object Management Group (OMG) Architecture Board as of September 2015.
Adoption
FIGIs have been adopted in the market data feeds of the following exchanges: Ace Commodity Exchange (ACE) Banja Luka Stock Exchange Bermuda Stock Exchange Bucharest Stock Exchange Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (CNSX) Euro-TLX Financial Industry Regulatory Authority (FINRA) FTSE Real-Time Index (FTSE) Hi-MTF Multilateral Trading Facilities (Hi-MTF) Indonesia Commodity and Derivatives Exchange (ICDX) Kazakhstan Stock Exchange (KASE) Mercari Multi Commodity Exchange of India (MCX) National Stock Exchange of Australia (NSX) National Stock Exchange of India (NSE) New York Stock Exchange (NYSE) OneChicago - ONE Chicago Stock Exchange Osaka Securities Exchange (OSE) PURE Canadian Stock Exchange Quote MTF SIM Venture Securities Exchange (SIM VSE) The Stock Exchange of Mauritius
FIGIs have been adopted for use by the following regulators and/or been included in related Regulatory Technical Standards: Financial Industry Regulatory Authority (FINRA) Solvency II AiFMD
Additional notable adoption
March 19, 2010: NYSE Euronext. April 2010 distribution of BBGIDs along with their own proprietary security identifiers on all of their data products globally. March 21, 2010: Financial Industry Regulatory Authority (FINRA). BBGIDs accepted to uniquely identify securities reported to its U.S. Securities and Exchange Commission (SEC) mandated Trade Reporting And Compliance Engine (TRACE) program. June 27, 2011: ACE Commodity Exchange in India. Became the first exchange in Asia to adopt the identifiers. April 18, 2012: Indonesia Commodity and Derivatives Exchange (ICDX) September 15–19, 2014: Object Management Group. Adopted a new standard Financial Instrument Global Identifier developed from the BBGID specification and is fully compatible with all existing issued BBGIDs. November 14, 2014: SIX Financial Information's Valordata Feed (VDF) and Market Data Feed (MDF) May 14, 2014: Nasdaq OMX Group's Nasdaq Last Sale Plus ("NLS Plus"). NLS Plus provides real-time, intraday last sale data for all securities traded on The Nasdaq Stock Market Nasdaq OMX BXSM, NASDAQ OMX PSXSM and the FINRA/NASDAQ Trade Reporting Facility. 10 Dec 2014: RIMES adopts FIGI October 9, 2014: Financial Instrument Global Identifier (FIGI) standard adopted by OMG.
Description
The FIGI structure is defined and copyrighted by the Object Management Group. Bloomberg L.P. is the Registration Authority and Certified Provider of the standard. FIGI have been created for more than 300 million unique securities, representing most asset classes of the financial markets. The FIGI is a 12-character alpha-numerical code that does not contain information characterizing financial instruments, but serves for uniform unique global identification. Once issued, a FIGI is never reused and represents the same instrument in perpetuity.
Unique FIGIs identify securities as well as individual exchanges on which they trade. Composite FIGIs are also issued to represent unique securities across related exchanges. For instance, Apple Inc. common stock trades on 14 exchanges in the United States. There exists a unique FIGI to identify the common stock on each individual exchange, but also a composite FIGI to represent the company's common stock traded on United States exchanges.
Equity Levels of Assignment
Global Share Class Level
Country Composite Level
Exchange/Venue Level
FIGI Structure
A FIGI consists of three parts: A two-character prefix, a 'G' as the third character; an eight character alpha-numeric code which does not contain English vowels "A", "E", "I", "O", or "U"; and a single check digit.