CUSIP Global Services (CGS) has engaged FOW TRADEdata - a UK-based financial information provider specialising in futures and options products, to aid in the development of a CUSIP identification system for listed equity options in the US.
The CUSIP options service, which is owned by the American Bankers Association and is operated by Standard & Poor's, is scheduled to be launched by the end of June.
Once operational, the CUSIP Options Service will generate a 9-character CUSIP and 12-character ISIN for each contract strike price.
CGS said it has engaged FOW TRADEdata to be the source of the contract data and it will cover all the major options exchanges in the US.
Speaking to Futures and Options Intelligence,...