NEW YORK, July 5, 2016 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the expansion of its CUSIP Options service to include single stock futures. The expansion was made possible through an extension of the CGS partnership with Euromoney TRADEDATA, a financial information provider specializing in futures and options products. Under the partnership, CGS will assign CUSIP IDs to all single stock futures traded on the OneChicago exchange.
The CUSIP Options Service provides unique CUSIP IDs for over 500,000 equity, ETF and index options, along with accompanying ISINs and related data elements such as strike price, contract name, exchange code and underlying symbol. Market participants can receive the CUSIP Options Service directly from CGS or via an authorized market data vendor.
"The addition of single stock futures into the CUSIP Options Service is an important step forward for transparency in the synthetic secured lending marketplace," said Matthew Bastian, Director, Market and Business Development and West Coast Operations at CUSIP Global Services. "We believe this new coverage will help global firms better track and manage various derivatives contracts in their security master files and we're grateful for the opportunity to work with Euromoney TRADEDATA to make this important data set accessible to the marketplace."
The CGS partnership with Euromoney TRADEDATA was formed initially in 2009 to launch CUSIP coverage for listed equity, index and ETF options in the U.S. market, and subsequently expanded in 2012 to add Canadian options. Building on the success of the initiative, the two parties have now added single stock futures to the CGS database.
"Effective collaboration is the result of both hearts and minds and is, once again, evidenced in our joint announcement with CUSIP Global Services of the introduction of OneChicago's futures products into the CUSIP numbering system," said Mark Woolfenden, Managing Director, Euromoney TRADEDATA. "OneChicago's equity index and particularly single stock futures are of great interest to market participants especially in the U.S., where single stock futures of largely U.S. domiciled firms are also listed across the U.S. equity option exchanges, where trade and product identification will be well serviced by the CUSIP with its proven heritage."
For more information on the CUSIP Options Service, please click here
About CUSIP Global Services
The financial services industry relies on CGS' unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 45 years has helped CGS earn its reputation as a trusted originator of quality identifiers and descriptive data, ensuring that essential front- and back-office functions run smoothly. Relied upon worldwide as the industry standard provider of reliable, timely reference data, CGS is also a founding member and co-operates the Association of National Numbering Agencies (ANNA) Service Bureau, a global security and entity identifier database for over 34 million public and privately traded instruments, contributed by 92 national numbering agencies and 27 partner agencies representing 255 different countries. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Global Market Intelligence, with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.
About The American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees. Learn more at www.aba.com.
About Euromoney TRADEDATA
Euromoney TRADEDATA provides an aggregation service for the global exchange traded derivatives market. Recognised as the specialists and innovators in the futures and options market it provides up to date reference data which is essential for accurate and timely settlement of trades without the additional overheads of collating, validating and maintaining in-house data. The company prides itself in being able to offer highly customised data feeds to integrate with any client application whether proprietary or vendor based. Euromoney TRADEDATA supplies instrument data for over 80,000 contracts on over 110+ exchanges and is the reference data solution of choice for the world's top tier financial organizations, exchanges and regulators.
For more information about Euromoney TRADEDATA and our solutions visit: www.euromoneytradedata.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cusip-global-services-adds-single-stock-futures-to-options-service-300293189.html
SOURCE CUSIP Global Services