Case Studies

Free to use, FIGI is an open data standard that provides a solution for identifying and creating context-specific data models of financial instruments. The FIGI data model creates links between the different bespoke FIGI identifiers that exist for different functions and connects them rationally, providing a comprehensive identification solution that can complement existing methodologies, thereby avoiding forcing end users to change what they are used to using.

London-based BMLL Technologies Ltd is a data analytics platform for quantitative analysis of the historical limit order book data from a broad range of exchanges and other data sources. The firm provides coverage of global markets with a focus on equities, futures and options. BMLL is seeing strong customer demand and expects to increase the headcount to 50 employees by the end of 2018.

Using the documentation and instructions found on openfigi.com, Pluribus Labs’ team began using the OpenFIGI API to begin mapping. The straightforward process and ease of use allowed the company to forgo any assistance from Bloomberg’s Symbology team. The effort expended by the firm was very little, requiring only one member to be assigned to this task. Pluribus began extracting multiple levels of FIGI for equities, including the Share Class FIGI, which helped to simplify the process of isolating companies being mentioned on social media around the world.

A mid-size global asset manager based in Europe uses FIGI to manage corporate actions & to trade more efficiently.

Large Canadian bank uses Financial Instrument Global Identifier to streamline workflow & reduce costs

Data vendor helps clients achieve mapping & exchange-level identification through use of the Financial Instrument Global Identifier

Execution & order management software company uses Financial Instrument Global Identifier to create standardized solution for clients with no additional cost.