OptionMetrics adopts Financial Instrument Global Identifier
14 November 2018 New York
Image: Shutterstock
OptionMetrics has adopted the Financial Instrument Global Identifier (FIGI) for options data products in the US, Europe, Asia, and Canada.
The identifiers provide global coverage of financial markets, which gives a contextual view of an instrument as users move through functional aspects.
These aspects include trading, settlement, portfolio management, asset servicing, risk management, and regulatory reporting.
According to OptionMetrics, in integrating the OpenFIGI application programming interface, covering 550 million instruments across asset classes, it is able to link material changes and maintain permanent association with those changes.
Additionally, it provides a consistent historical perspective of that instrument changing over through corporate actions and other events.
Richard Robinson, head of industry relations and strategy for Open Symbology commented: "Firms like OptionMetrics are leading the way in ensuring data transparency and quality by integrating the FIGI into their architecture.”
He added: “Their clients will benefit from the OpenFIGI framework, which will eliminate redundancies, streamline workflow and reduce risk.”
David Hait, OptionMetrics CEO, said: “OptionMetrics, our mission is to provide the highest quality, most accurate and comprehensive options data, in a format that makes it easy for quants, portfolio managers, academics, and others to study markets and assess opportunities.”
The identifiers provide global coverage of financial markets, which gives a contextual view of an instrument as users move through functional aspects.
These aspects include trading, settlement, portfolio management, asset servicing, risk management, and regulatory reporting.
According to OptionMetrics, in integrating the OpenFIGI application programming interface, covering 550 million instruments across asset classes, it is able to link material changes and maintain permanent association with those changes.
Additionally, it provides a consistent historical perspective of that instrument changing over through corporate actions and other events.
Richard Robinson, head of industry relations and strategy for Open Symbology commented: "Firms like OptionMetrics are leading the way in ensuring data transparency and quality by integrating the FIGI into their architecture.”
He added: “Their clients will benefit from the OpenFIGI framework, which will eliminate redundancies, streamline workflow and reduce risk.”
David Hait, OptionMetrics CEO, said: “OptionMetrics, our mission is to provide the highest quality, most accurate and comprehensive options data, in a format that makes it easy for quants, portfolio managers, academics, and others to study markets and assess opportunities.”
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