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OpenFIGI (BBTK) transition background and FAQ

In early 2016 Bloomberg rebranded their Open Symbology offering as OpenFIGI, as part of the rebranding they released a new beta API. The API supports an increased number of identifiers that allows users to submit such as CUSIP and US ISINs that were not accepted in the old system, in addition OpenFIGI introduced ISO 10383 MIC Market Industry Classification recognition and removed the 20,000 ID limit per submission. The new API goes into live production on the 1 June.

RIMES received early access to the new API and throughout the last few months has been working on redeveloping and enhancing its OpenFIGI offering. The new RIMES OpenFIGI service contains many enhancements.

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