The London Stock Exchange will launch in late November the first global, uniform system of identifier codes for exchange-traded derivatives.
LSE is expanding its well-established Sedol codes, which already cover some 2.5m equities, bonds and derivatives, to include the great majority of the world’s listed futures and options. About 1m new codes will go live when the project is launched.
Derivatives users worldwide will be able to use the seven digit codes to identify all exchange-traded contracts using the same numbering system as they may use for equities and bonds.
The exchange’s partner in the project is FOW TRADEdata, the sister company of Futures and Options Intelligence and FOW magazine.
“The feedback from our customers is that they want Sedol to cover as many asset classes as possible,” said Mark Husler, head of business development for data and software at the LSE in London. “So...