First Quarter Update After MiFID II

The OTC-ISIN population count has increased 24% in March to over 6.8 million at March month end, up from 5.5 million at the end of February 2018. The largest increase in new OTC ISINs has been in the rates asset class, with equities and commodities not far behind. A detailed breakdown of the month on month (MoM) change at instrument level is provided below.

This note contains highlights about ISIN creation trends, utilization profiles and a snapshot of expiry dates for which instruments are set up.

ISIN Creation Highlights
=> 10 institutions have created almost 75% of all ISINs in the system, of which three are venues and the remainder are banks
=> Over 99% of all ISINs were programmatically created i.e. by users of eitehr the DSB’s FIX or ReST APIs

DSB ISIN Expiry Date profile:

  • 37% of OTC ISINs expire in 2018 with a further 21% expiring in 2019
  • 3% created for dates before the MiFID II commencement date



Published by Malavika Solanki

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