The National Stock Exchange of Australia (NSX) announced today the display of Bloomberg's Global Identifier (BBGID) on its website for all listed securities. BBGID is part of Bloomberg's Open Symbology (BSYM) initiative, which promotes transparency, uniformity and lowers data management costs for market participants.
"Proprietary securities naming conventions typically come with costly and restrictive license agreements," said Emlyn Scott, Chief Executive Officer of NSX. "Bloomberg's Open Symbology is a free-use alternative that we believe offers greater transparency and accessibility to information from the National Stock Exchange of Australia."
Bloomberg's Global Identifier, BBGID is a 12-digit alphanumerical identifier that covers more than 100 million active and inactive securities across global asset classes. It is available free of licensing fees, restrictions or commercial terms. Exchanges and financial institutions can now benefit from quicker integration and lower costs associated with using proprietary global and local security identifiers.
"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 across leading exchanges around the world reflects the industry's desire to maximize market connectivity and transparency, while facing the need to reduce costs."
For more information about Bloomberg Open Symbology please visit www.openbloomberg.com
National Stock Exchange of Australia
The National Stock Exchange of Australia (NSX) is Australia's second largest listing stock exchange. It is an Australian Market Licence holder specialising in listing growth companies. As an independent market operator, NSX now has more than 120 securities representing more than $3.5 billion in market capitalisation across its two exchanges. Further information on the National Stock Exchange of Australia can be found at www.nsxa.com.au
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