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  1. OMG Specification

Financial Instrument Global Identifier — Open Issues

  • Acronym: FIGI
  • Issues Count: 3
  • Description: Issues not resolved
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Issues not resolved

Issues Descriptions

Modify the FIGI Specification to reflect the editorial changes made by ANSI X9

  • Key: FIGI11-5
  • Status: open  
  • Source: Thematix Partners LLC ( Elisa Kendall)
  • Summary:

    This issue represents specification modifications that are editorial in nature only, and that correspond to the changes made when this specification was promoted for standardization through ANSI X9.

    The goal with this revision (FIGI 1.1) is to update the standard to match precisely what ANSI published, with no other changes included.

    See the attached MS Word document for the changes, using track changes.

  • Reported: FIGI 1.0 — Thu, 2 Nov 2023 19:15 GMT
  • Updated: Thu, 9 Nov 2023 01:06 GMT
  • Attachments:

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: Thu, 9 Nov 2023 01:06 GMT

The FIGI ontologies should use the Commons annotation vocabulary

  • Key: FIGI11-3
  • Status: open  
  • Source: Thematix Partners LLC ( Elisa Kendall)
  • Summary:

    Currently, the FIGI ontologies use the specification metadata, which, although it is still used to manage the online catalog, is no longer used for ontology documentation. Instead, all new submissions are using the Commons Annotation Vocabulary, which is a formal OMG standard rather than an internal file.

    The ontologies and metadata files for FIGI should be updated accordingly.

  • Reported: FIGI 1.0 — Mon, 7 Aug 2023 19:53 GMT
  • Updated: Thu, 9 Nov 2023 01:06 GMT