NASDAQ OMX Global Data Group Adopts Open SymbologyPosted on May 15, 2014
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), a market leading provider of real-time and historical market data, announced today that the NASDAQ Last Sale Plus (NLS Plus) data feed has incorporated Bloomberg’s Open Symbology (BSYM), a flexible and publicly available methodology for identifying financial securities across all global asset classes. Incorporating BSYM into its primary market data feed will help NASDAQ OMX clients streamline data integration within ticker plants and other internal systems, and overall enhance data integration processes across their organization.
NLS Plus provides reliable 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™ (TRF™), making it a comprehensive source for accurate real-time trade data.
“Adopting Bloomberg’s Open Symbology helps our clients better manage their symbol master files and enhance their data integration, giving customers better mapping capabilities than simply using the issue symbol,” said Jeff Kimsey, Vice President of US Product Management for Global Data Products, NASDAQ OMX. “We were pleased to include this addition as one of the numerous enhancements made to our proprietary US equity feeds this year.”
At the core of BSYM is the Bloomberg Global Identifier (BBGID), a 12-digit alpha-numeric identifier for financial instruments, which delivers greater processing efficiencies and transparency for NLS Plus customers. the BBGID, covers nearly 180 million active and inactive securities globally and is available free of licensing fees or material impediments to usage.
“The inclusion of Bloomberg Symbology in NASDAQ OMX data marks another significant milestone for common clients demanding a consistent means of identifying financial instruments across front-to-back-end operations,” said Peter Warms, Global Data Manager for entity content, corporate actions and symbology at Bloomberg. “By adopting Bloomberg’s open symbology, NASDAQ OMX is helping our shared client base reduce costs and operational risk by making data integration and maintenance processes more efficient.”
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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