RIMES Adopts Bloomberg Open Symbology for its Benchmark Data Service
Poster: SySAdmin
Posted on January 15, 2013 at 6:21:01 AM
RIMES Adopts Bloomberg Open Symbology for its Benchmark Data Service
LONDON, January 15, 2013 /PRNewswire/ --
Using open identifier library streamlines data and risk management processes
RIMES (http://www.rimes.com), a leader in benchmark data management, has
implemented Bloomberg's Open Symbology (BSYM) to enable clients to streamline their
workflow and reduce operational risk.
Bloomberg's global security identifier, or BBGID, is now live on the RIMES Benchmark
Data Service(R) and a select group of clients have opted to include it in daily data
feeds.
Many of the systems in use today across the securities industry have been built around
proprietary, closed standards leaving users to rely on different instrument codes (or
market data identifiers) in the trading, settlement or clearing process. Bloomberg's
security identifier protocol, the BBGID, gives firms a free-use alternative to using
proprietary codes, which eliminates redundant mapping processes, streamlines workflow and
reduces operational risk. Today, BBGID covers 100 million active and inactive securities
globally and is available free of licensing fees or other usage restrictions.
Christian Fauvelais, Chief Executive Officer and co-Founder of RIMES, comments:
"Improving efficiency and reducing complexity are two of the key principles that RIMES is
built on. BSYM is a mission critical reference tool, which combined with our data flow
capabilities will help our clients achieve further efficiencies in their data management
processes."
"Bloomberg's symbology uniquely represents a truly open, global and comprehensive
naming methodology," said Peter Warms, Global Head of Bloomberg Symbology. "With its
integration of Bloomberg's global identifier into its data feeds, RIMES joins other third
parties data providers that are helping to make BSYM an industry standard."
RIMES also builds private databases for clients via a Bloomberg Data License, which
gives them access to one of the world's largest, most accurate databases for reference and
historical data. Intra-day and end-of-day market and reference data is available for all
asset classes and includes corporate actions, credit and issuer data on more than six
million securities traded around the world.
About RIMES
Founded in 1996 specifically to serve the complex data needs of the buyside, RIMES
Technologies Corporation is a specialist provider of managed data services and one of the
pioneering adopters of cloud-based technology to deliver highly customized financial data
over the Internet. Delivering world-class data, supported by first-class service remains a
focus of RIMES today. RIMES is a unique global company, combining the best people with the
most forward-thinking technology. The RIMES team of experts has unparalleled practical
experience, gained at the heart of the industry, enabling them to deliver this service to
over 200 institutions in 36 countries across the globe.
Media contact:
Nick Warren
Chatsworth Communications
+44-(0)207-440-9780
nickwarren@chatsworthcommunications.com
RIMES
LONDON, January 15, 2013 /PRNewswire/ --
Using open identifier library streamlines data and risk management processes
RIMES (http://www.rimes.com), a leader in benchmark data management, has
implemented Bloomberg's Open Symbology (BSYM) to enable clients to streamline their
workflow and reduce operational risk.
Bloomberg's global security identifier, or BBGID, is now live on the RIMES Benchmark
Data Service(R) and a select group of clients have opted to include it in daily data
feeds.
Many of the systems in use today across the securities industry have been built around
proprietary, closed standards leaving users to rely on different instrument codes (or
market data identifiers) in the trading, settlement or clearing process. Bloomberg's
security identifier protocol, the BBGID, gives firms a free-use alternative to using
proprietary codes, which eliminates redundant mapping processes, streamlines workflow and
reduces operational risk. Today, BBGID covers 100 million active and inactive securities
globally and is available free of licensing fees or other usage restrictions.
Christian Fauvelais, Chief Executive Officer and co-Founder of RIMES, comments:
"Improving efficiency and reducing complexity are two of the key principles that RIMES is
built on. BSYM is a mission critical reference tool, which combined with our data flow
capabilities will help our clients achieve further efficiencies in their data management
processes."
"Bloomberg's symbology uniquely represents a truly open, global and comprehensive
naming methodology," said Peter Warms, Global Head of Bloomberg Symbology. "With its
integration of Bloomberg's global identifier into its data feeds, RIMES joins other third
parties data providers that are helping to make BSYM an industry standard."
RIMES also builds private databases for clients via a Bloomberg Data License, which
gives them access to one of the world's largest, most accurate databases for reference and
historical data. Intra-day and end-of-day market and reference data is available for all
asset classes and includes corporate actions, credit and issuer data on more than six
million securities traded around the world.
About RIMES
Founded in 1996 specifically to serve the complex data needs of the buyside, RIMES
Technologies Corporation is a specialist provider of managed data services and one of the
pioneering adopters of cloud-based technology to deliver highly customized financial data
over the Internet. Delivering world-class data, supported by first-class service remains a
focus of RIMES today. RIMES is a unique global company, combining the best people with the
most forward-thinking technology. The RIMES team of experts has unparalleled practical
experience, gained at the heart of the industry, enabling them to deliver this service to
over 200 institutions in 36 countries across the globe.
Media contact:
Nick Warren
Chatsworth Communications
+44-(0)207-440-9780
nickwarren@chatsworthcommunications.com
RIMES