RDR-Securities Identifiers

Thomson Reuters Returns to the EC with Revised Offer on RICs

Thomson Reuters has returned to the negotiation table at the European Commission with a revised offer on how it will ease licensing policies for Reuters Instrument Codes (RICs). The issue of access to security and other identifiers will be discussed in a panel session at A-Team’s forthcoming Data Management Summit in London on May 22 [find out more here].

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10 May 2012

Opinion: 20 Points on the LEI Initiative

By Allan D. Grody, President, Financial InterGroup Holdings

1. There was a rush to pass legislation in the US after the onset of the financial crisis

2. The legislation was written piecemeal as you would expect since the financial industry itself is “piecemeal”, that translates into silos of business and piecemeal/silos of understanding

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04 May 2012

Efama Launches Complaint About S&P ISIN Pricing in Switzerland

The European Fund and Asset Management Association’s (Efama) complaint against Standard & Poor’s practice of making end users of its International Securities Identification Numbers (ISINs) in Switzerland pay a licence charge and fees for the numbers is in the hands of the Swiss competition authority Wettbewerbskommission (Weko). A small scale dispute, perhaps, but one that could escalate if ISIN users in the US and Asia take up the case against S&P’s ISIN charges and if ISINs are considered as instrument identifiers by the Financial Stability Board (FSB) after it has finalised the structure and infrastructure of legal entity identifiers (LEIs).

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18 Apr 2012

Bloomberg Open Symbology Gains Traction with Take-Up by Finra

Bloomberg’s addition of the Financial Industry Regulatory Authority (Finra) to a growing list of organisations recognising and using its open symbology offers financial firms another step along the way to using open rather than proprietary symbologies designed to improve market connectivity and transparency, while reducing users’ costs.

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21 Mar 2012

Thomson Reuters Regroups as EC Intimates RIC Market Test Failure

Thomson Reuters is reviewing apparently negative feedback from the market test of its proposals to avert the European Commission’s antitrust investigation into its restrictive licensing policy for its Reuters Instrument Code (RIC). The market data vendor’s efforts appear to have fallen on stony ground following an unsuccessful market test by the Commission of its proposed solution, which eased licensing of its consolidated data feeds to make it less onerous for customers to switch suppliers.

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12 Mar 2012

Andrew’s Blog – The OTC Derivatives Case for LEIs

Hot on the heels of the Financial Stability Board’s creation of expert panels to advise on the development of legal entity identifiers (LEI) (see more here), international regulators IOSCO and the Bank for International Settlements this week weighed in to stress the importance of LEIs to the ongoing efforts to boost transparency in the OTC derivatives marketplace.

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19 Jan 2012

Andrew’s Blog – RICs as Catalyst for Financial Markets ‘App Store’

High on the long, long list of the late Steve Jobs’ acts of genius was his decision to go against his own instinct and open up the iPhone/iPAD to third-party developers to create the App Store, a true game-changer. That got me to thinking that Thomson Reuters and the EU could be missing a trick with their ongoing correspondence about for extending access to the Reuters Instrument Code (RIC) [see more here].

Rather than focusing on a withering segment of the marketplace – consolidated data feeds – what if Thomson Reuters went the whole hog and opened up RICs to everyone? And then encouraged everyone to develop and market their own applications through the ‘RIC Store’, using RICs to access the data required? Drawing on its 4,000+ list of client developers, the result would be a trading and investment application marketplace. Hedgehogs.net on steroids. Tantalising.

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11 Jan 2012

Older Posts »

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FISD Releases Updated Syllabus and Exam for Financial Information Associate Certificate

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SIX Financial Information Implements Asset Control's AC Plus Solution

SwiftRef Utility to Include LEI, Reference Data

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