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OptionMetrics Adopts Financial Instrument Global Identifier for Options

Traders Magazine Online News, November 20, 2018

John D'Antona Jr.

OptionMetrics, an options database and analytics provider for institutional and retail investors and academic researchers, has added the open-source global identification framework, the Financial Instrument Global Identifier (FIGI) to its IvyDB US, Europe, Asia, and Canada options data products. These identifiers provide comprehensive global coverage of financial markets, providing a contextual view of an instrument as users move through functional aspects of trading, settlement, portfolio management, asset servicing, risk management, and regulatory reporting.

Richard Robinson, Head of Industry Relations and Strategy for Open Symbology said, "Firms like OptionMetrics are leading the way in ensuring data transparency and quality by integrating the FIGI into their architecture. Their clients will benefit from the OpenFIGI framework which will eliminate redundancies, streamline workflow and reduce risk."

In integrating the OpenFIGI API, covering 550 million instruments across asset classes, OptionMetrics enables linking of material changes, maintains permanent association with those changes, and provides a consistent historical perspective of that instrument changing over time through corporate actions and other events.

“At OptionMetrics, our mission is to provide the highest quality, most accurate and comprehensive  options data, in a format that makes it easy for quants, portfolio managers, academics, and others to study markets and assess opportunities,” said OptionMetrics CEO David Hait, Ph.D.  


About OptionMetrics

Founded in 1999, OptionMetrics distributes its IvyDB historical options databases for U.S., Canada, Europe, Asia, Canada, and global indices to corporate and institutional subscribers, as well as top business schools worldwide. It has covered every U.S. strike and expiration option on over 3,000 underlying stocks and indices since 1996. Leading portfolio managers, equity options traders, and quantitative researchers rely on OptionMetrics for extensive, high-quality data to construct and test options investment strategies, perform empirical research, and accurately assess risk., LinkedIn, Twitter, Facebook.

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