CGS expands CUSIP Options
26 October 2018 New York
Image: Shutterstock
CUSIPS Global Services (CGS) has expanded its options service to include futures and options on futures for the North American market.
Exchange coverage for this new data set includes Chicago Board of Trade, CBOE Futures Exchange, Chicago Mercantile Exchange Inc, New York Mercantile Exchange—Comex Division, Eris Exchange, Bourse de Montreal Inc, Minneapolis Grain Exchange, Nodal Exchange, Nasdaq Futures Inc, ICE Futures US and New York Mercantile Exchange.
CGS said that by assigning CUSIP identification to futures and options on futures, it will enable market participants to streamline their pre- and post-trade reporting requirements under the second Markets in Financial Instruments Directive and European Market Infrastructure Regulation mandates.
It said the use of CUSIP identifiers in this market will also simplify back-office operational processes by introducing the universally recognised and accessible nine-digit CUSIP taxonomy.
Matthew Bastian, director, market and business development and west coast operations at CUSIP Global Services, commented: "The addition of futures and options on standard futures into the CUSIP Options Service is an important step forward for transparency and accessibility in the futures markets.”
He added: "Not only will this new coverage help global firms track futures and options on futures more efficiently, it will help to standardise the identification processes currently being used in these markets.”
Exchange coverage for this new data set includes Chicago Board of Trade, CBOE Futures Exchange, Chicago Mercantile Exchange Inc, New York Mercantile Exchange—Comex Division, Eris Exchange, Bourse de Montreal Inc, Minneapolis Grain Exchange, Nodal Exchange, Nasdaq Futures Inc, ICE Futures US and New York Mercantile Exchange.
CGS said that by assigning CUSIP identification to futures and options on futures, it will enable market participants to streamline their pre- and post-trade reporting requirements under the second Markets in Financial Instruments Directive and European Market Infrastructure Regulation mandates.
It said the use of CUSIP identifiers in this market will also simplify back-office operational processes by introducing the universally recognised and accessible nine-digit CUSIP taxonomy.
Matthew Bastian, director, market and business development and west coast operations at CUSIP Global Services, commented: "The addition of futures and options on standard futures into the CUSIP Options Service is an important step forward for transparency and accessibility in the futures markets.”
He added: "Not only will this new coverage help global firms track futures and options on futures more efficiently, it will help to standardise the identification processes currently being used in these markets.”
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