OpenFIGI Removing Redundant and Legacy Fields

As mentioned in our Q3 newsletter sent out on October 1st, 2020, we will be removing some redundant and legacy fields. The field ‘Unique ID’ was originally included to help long standing Bloomberg users map older security masters to the FIGI. The ‘Unique ID’ has declined in use, and is not itself unique and therefore can impact data quality. Both ‘Short Security Description’ & ‘Unique Identifier for Future Option’ return comparable information to the ‘Security Description’ field. All three are found in the ‘Additional Column’ options on the OpenFIGI Search page, and are included in the output of the OpenFIGI API, and will be removed from both search features. However, all 3 fields will continue to be supported as imputable search criteria.

We are targeting the end of Q1 2021 to implement these changes. In order to reduce the impact on downstream applications we will return ‘null’ for the impacted fields for API versions 1 and 2. In conjunction we will release version 3 of the API that will reflect the full removal of the fields.

Please contact the Open Symbology Team with any questions or concerns at support@openFIGI.com