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  2. Financial Instrument Global Identifier (FIGI) 1.1 RTF

Open Issues

  • Issues not resolved
  • Name: figi-rtf
  • Issues Count: 1

Issues Summary

Key Issue Reported Fixed Disposition Status
FIGI11-1 FIGI is not aligned to unique instruments FIGI 1.0 open

Issues Descriptions

FIGI is not aligned to unique instruments

  • Key: FIGI11-1
  • Status: open  
  • Source: Magtia Limited ( phil straszynski)
  • Summary:

    6.2.3 This is not sufficient to individuate the financial instrument,
    however, as organizations issue financial instruments with exactly the same name but that trade on different exchanges.
    This is a distinction that is absent in other identifiers, but serves as an individuating characteristic for FIGI.If FIGI is used a the master key in a reference database inconsistencies arise "

    I do ot believe the FIGI implementation adheres to this - namely

    1) All preferred's on North American Exchanges have the same FIGI yet these a discrete tradeabe instruments on different exchanges , exactly like cash equities
    EP053763@SYBT Pfd
    EP053763@SBOX Pfd,

    2) Multiple FIGI's can exist for the same Index Instrument
    Original Alternative

    3) BBG create duplicate futures for option series , these all have different FIGI yet they link to the same instrument
    EDZ1 Comdty GEZ1 Comdty

  • Reported: FIGI 1.0 — Tue, 31 Aug 2021 13:03 GMT
  • Updated: Wed, 8 Sep 2021 15:31 GMT