Bloomberg’s Figi extends crypto inroads

In markets, as in the natural world, order is often born from chaos. Just like an erratic swarm of bees building a carefully structured hive, the moments of greatest turmoil in finance can be the crucibles for an enduring organising principle.

This was how the Cusip system was born, for example. In the 1960s, when US stock markets were overwhelmed by record trading volumes, the New York Stock Exchange had to shut down for part of each week to allow the back office to catch up with the pace of