-Industry Leaders Join Forces to Promote Transparency and Lower Data Management Costs-
NYSE Euronext and Bloomberg Bring Open Symbology to Data Feeds
New York , March 18, 2010 – In a new initiative to promote transparency and lower data management costs for financial market participants, NYSE Euronext (NYX) and Bloomberg Finance L.P. (Bloomberg) today announced that they will deliver to the investing public the market data industry’s first open-source security identifiers. Beginning next month, NYSE Euronext will distribute Bloomberg Open Symbology (BSYM) along with NYSE Euronext's standard security identifiers for New York Stock Exchange listed companies through all of its data products globally.
Combining Bloomberg BSYM, the only free and open symbology in market data, with NYSE Euronext proprietary data feeds, this move by NYSE Euronext and Bloomberg meets the need for open standards in reference data. This innovative solution provides standardization and interoperability between NYSE Euronext’s data feeds and Bloomberg’s value-added content.
NYSE Euronext will distribute BSYM through its data feeds and web sites to ensure optimum availability and access to its global customer base. This allows market participants to benefit from the flexibility of choice and relieves them of the burden of mapping between global and local security identifiers.
“An open source, truly integrated solution for market data distribution is long overdue. NYSE Euronext is pleased to join with Bloomberg in delivering this innovative, market-based approach to benefit our customers and the investing public,” said Larry Leibowitz, Chief Operating Officer, NYSE Euronext. “Taking the lead in providing a global uniform standard demonstrates our joint commitment to move the industry forward by providing increased transparency and improved access while lowering costs.”
“Bloomberg has revolutionized the market data industry by creating a free and open standard, Bloomberg Open Symbology. BSYM contains the same identifiers used globally in the BLOOMBERG PROFESSIONAL® service, now available to everyone in the investing public,” said Mark Pesonen, head of Enterprise Products and Solutions at Bloomberg. “Furthering our commitment to open standards, we now provide an integrated solution between BSYM and all NYSE Euronext feeds. In an atmosphere of increased cross-border trading, this solution allows for quick integration into users’ systems to give the industry even greater flexibility.”
Bloomberg and NYSE Euronext will collaborate to maintain an open, market-based solution that integrates their core market information services as a vendor and supplier, respectively. NYSE Euronext will offer its data feeds and products for coding and mapping on the BSYM platform through a tiered rollout that will begin in April with its popular OpenBookTM product. After Bloomberg completes the mapping process for all New York Stock Exchange-listed ticker symbols and security identifiers, NYSE Euronext and its affiliates will globally distribute the new BSYM codes through its data feeds and related products. Bloomberg Open Symbology can be accessed via the Web site http://bsym.bloomberg.com.
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About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 3,700 listed operating companies, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contact: Annette Bronkesh, Bloomberg
Contact: Eric Ryan, NYSE Euronext