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The industry-driven and non-profit standards institution, FIX Trading Community (FIX), announced today a sponsorship agreement with the ISO Study Group, the goal of which is to establish ISIB standard’s rules for derivative financial instruments.
The International Securities Identification Number (ISIN) is a universal recognition code assigned to securities issued in the financial markets. It consists of 12 alphanumeric characters (numbers and letters) defined according to the ISO 6166 standard.
With the start of this new cooperation, FIX wants to document the best practices and encourage the creation of ISIN identifiers among those markets participants who use the body’s open standards. In addition, ... (read more)