Security Reference Data Project

Archived

Notice: This wiki was archived in July 2020. All Security Reference Data project collaboration activities, including meeting minutes, are now hosted on the SecRef Data GitHub repo.

Project Charter

The applicability and actionability of data driven insights in financial services is often a function of how quickly and easily different datasets for analysis can be brought together into a unified set of data for subsequent analysis. Merging data, especially data associated with various financial securities, is often made more difficult than it should be due to lack of public, common, industry accepted master identifiers with a canonical mapping to other IDs for the security as used in specific data provider systems, often proprietary. This can also cause issues throughout the trade lifecycle, from pre-trade to settlement. The lack of clean, shareable data means institutions must develop their own repositories mapping securities reference data, which is extremely duplicative, does not offer a proprietary advantage, is difficult to maintain individually and can be damaging if incorrect.


The intention of the Securities Reference Data project is to address this by developing a public master record - a “golden source” of sorts - that maps symbols (securities identifiers) from a wide range of market sources. Initial project goals include:

  • Identify any existing open standards that can be leveraged, e.g. OpenFIGI
  • Define the scope and priority of securities reference data to be included
  • Understand any licensing restrictions that may exist
  • Define the structure of data to be collected and associated repository along with processes to manage access and updates
  • If/as needed build common tools, practices, and techniques to help match and merge security data sets

Group Information

Participation Requirements

No additional requirements

The Team

NameRoleNotes
Sailesh Pandey (Nomura)Chair

Tasks

DescriptionDue dateAssigneeTask appears on
  • Sailesh to create a confluence page which will list all orgs we are reaching out to. Member reachout  
2020-06-02 Security Reference Data Project Meeting
  • Sailesh to add few use cases to this proposal and send it to everyone by Friday.
2020-06-02 Security Reference Data Project Meeting
  • Sailesh to create a confluence page which will list all orgs we are reaching out to. Member reachout  
2020-06-02 Security Reference Data Project Meeting
  • Sailesh to add few use cases to this proposal and send it to everyone by Friday.
2020-06-02 Security Reference Data Project Meeting
  • Invite Bloomberg and Refinitiv to an upcoming meeting 
2020-04-28 Security Reference Data Project Meeting
  • Invite Bloomberg and Refinitiv to an upcoming meeting 
2020-04-14 Security Reference Data Project Meeting
  • Tosha Ellison to email the FINOS community to attract contributors into Security Reference Data
Tosha Ellison2019-12-10 Security Reference Data Meeting
  • Group, via Sailesh Pandey, to schedule presentations and content to ignite interest and spark conversation
Sailesh Pandey2019-12-10 Security Reference Data Meeting
  • Sailesh Pandey to organise a FINOS blog or article based on current topics being solved by the Security Reference Data team
Sailesh Pandey2019-12-10 Security Reference Data Meeting
  • Ben Sandler to create and start population of a Wiki page describing relevant initiatives.
Ben Sandler2019-09-03 Security Reference Data Meeting
  • Tosha Ellison to add previous presentations (FIGI and Open Corporates) to the Wiki
Tosha Ellison2019-09-03 Security Reference Data Meeting
  • Sailesh Pandey to send a note to the group requesting that they review and approve previous minutes.
Sailesh Pandey2019-09-03 Security Reference Data Meeting
  • Sailesh Pandey to follow up with both Bloomberg & Open Corporates via e-mail
Sailesh Pandey2019-08-20 Security Reference Data Meeting
  • Project's home page: document any requirements for community members to become participants in the Project (the Foundation recommends not placing any restrictions on passive / listen-only participation).  If there aren't any, remove that heading from the page.
Tasks of the Security Reference Data Project
  • Project mailing list: review membership of the group's mailing list on Google Groups, and confirm that the initial roster is correct
Tasks of the Security Reference Data Project
  • Project meetings: determine the group's preferred meeting schedule (the Foundation recommends either biweekly or monthly, in the afternoon GMT / midday US-Eastern / morning US-Pacific)
Tasks of the Security Reference Data Project
Tasks of the Security Reference Data Project
  • Project meetings: document the details of the Project's meeting schedule and dial in information on the Project's home page
Tasks of the Security Reference Data Project
  • Prepare an agenda for the first Project meeting here on Confluence, using the "Meeting Minutes" page template to create a new page underneath the meeting minutes page the Foundation created for you
Tasks of the Security Reference Data Project

The Project was approved by the PMC on 2018-11-05.