Bloomberg is targeting exchanges, data providers and custodians with an online utility and mapping tools that help to identify, map and request instruments that conform to the vendor’s global, open standard for identifying financial instruments, the Financial Instrument Global Identifier (FIGI) Bloomberg recently launched OpenFIGI.com and the OpenFIGI API (application programming interface) to further the… Read More >>
DTCC Wants Global Framework for Sharing Swaps Data
Post-trade services and infrastructure provider DTCC would like to see the start of an international discussion about a framework for the global sharing of data about swaps transactions in the wake of federal action to remove a Dodd-Frank Act provision that some saw as an impediment to swaps data sharing globally. In a rare moment… Read More >>
PE Data Standards Group Targets Portfolio Metrics
The private equity data standards group, the AltExchange Alliance, has released an updated set of data definitions intended to provide more automation and operational efficiency for the portfolio-related interactions among private equity industry participants. Last year, the AltExchange released its group 1 standard, which harmonized how information such as capital accounts, cash flows and portfolio… Read More >>
Tearing Down the Culture of Secrecy
I had a mini-revelation about the financial services industry and its ongoing melodrama over transparency and data standards during a panel discussion at the19th ISITC Annual Industry Forum and Vendor Show in Boston this week. Essentially, is this industry doomed to never getting transparency right? My train of thought was sparked by economist Allan Mendelowitz,… Read More >>
