CUSIP Global Services (CGS) has expanded its CUSIP Options Service to cover Canadian equity, exchange-traded fund and index options that trade on the Montreal Exchange.
The addition of Canadian options builds on an alliance with Fow Tradedata, a UK-based financial information provider specialising in futures and options products that helped develop the CUSIP identification system for equity, ETF and index options listed on US exchanges.
The US and Canadian Options Services provide unique CUSIP IDs for equity, ETF and index options, along with accompanying ISINs and related data elements such as strike price, contract name, exchange code and underlying symbol. Market participants can receive the CUSIP Options Service directly from CGS or via an authorised market data vendor.
The CUSIP Options Service provides nine-character CUSIP numbers and 12-character ISINs for each contract strike price. Fow Tradedata is the source of the contract data covering all the major options exchanges in the US and Canada. The CUSIP Options Service contains unique identifiers that will not conflict with other CUSIPs.
“The launch of our CUSIP Options Service in Canada is a prime example of industry collaboration to create efficient solutions for the capital markets,” says Jim Taylor (pictured), managing director, CGS. “We believe this new coverage will help global firms accurately and efficiently track options in their security masters and we remain committed to providing new identifiers for an ever-expanding range of asset classes.”