20 January 2017
visit http://www.wolterskluwerfs.com

Cusip to introduce stripped-down Isin codes for EU markets

15 November 2011  |  6117 views  |  1 Financial numbers

Cusip Global Services is to introduce a new data feed of US International Securities Identifiers (Isins) tailored specifically to the needs of European market participants following an extended probe by the European Commission into its pricing practices.

Containing limited descriptive data for certain publicly traded US securities, the new data feed, called the US Isin Basic Service, brings to conclusion nearly three years of dialogue between CGS and the EC.

The Commission opened a formal investigation into S&P in January 2009 following complaints by financial groups over the fees charged by the agency's Cusip Global Services arm for US securities identifiers. In May this year, S&P announced that it would cut its prices to a maximum of $15,000 per year to vendors wishing to redistribute codes in Europe and to financial institutions sourcing direct.

Within the next five months, CGS says it will offer the new stripped-down feed on a cost-recovery basis for participants taking it directly from CGS. Market participants will also be able to access the feed from market data vendors without incurring additional charges.

The vendor says larger institutions with concerns about how the new service and its limited descriptive data may impact global securities processing should contact CGS "for clarification or further discussion".

Comments: (1)

Alan Jenkins
Alan Jenkins - Jenkins UK Limited - London | 16 November, 2011, 10:39

A long awaited development - it had better work in practice !  - Alan J.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Firms urged to begin IT prep for handling LEIs

Firms urged to begin IT prep for handling LEIs

22 September 2011  |  8358 views  |  1 comments | 1 linkedin
Swift and DTCC score big data management mandates

Swift and DTCC score big data management mandates

12 July 2011  |  12705 views  |  0 comments
S&P agrees to cut Isin fees following EU probe

S&P agrees to cut Isin fees following EU probe

16 May 2011  |  10206 views  |  0 comments
Legal Entity Identifier standard nears

Legal Entity Identifier standard nears

05 May 2011  |  13795 views  |  4 comments
Cusip Global Services offers Cabre business entity database for free

Cusip Global Services offers Cabre business entity database for free

17 November 2010  |  5739 views  |  0 comments
S&P attacked over Cusip fees

S&P attacked over Cusip fees

12 November 2010  |  11979 views  |  1 comments
Nyse Euronext and Bloomberg promote open standard for securities codes

Nyse Euronext and Bloomberg promote open standard for securities codes

18 March 2010  |  10666 views  |  0 comments
European Commission accuses S&P of monopoly abuse over Isin fees

European Commission accuses S&P of monopoly abuse over Isin fees

19 November 2009  |  13469 views  |  0 comments
EC initiates antitrust case against S&P

EC initiates antitrust case against S&P

13 January 2009  |  5343 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit wavestone.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
15362 views comments | 85 tweets | 108 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
12383 views comments | 48 tweets | 42 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
10613 views comments | 30 tweets | 20 linkedin
hands typing furiouslyBlockchain: Time To Get Your Feet Wet
7301 views 0 | 24 tweets | 9 linkedin
RBI told the time is right to digitise the RupeeRBI told the time is right to digitise the...
7254 views comments | 14 tweets | 12 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job