This months’ FIRDS data analysis provides some interesting insights including some new data points provided after a few industry participants reached out after the DSB’s previous blog on the topic.

• Most DSB ISINs have not yet made their way to FIRDS:
  • 8.2mm OTC ISINs have been created
  • 16% of all DSB ISINs are in FIRDS Reference Data files (1.3mm)
  • 140k in FIRDS Transparency Data

• OTC Derivatives Liquidity Metrics – there has been some industry chatter about the number of OTC Derivatives that have been reported with a liquidity flag – some numbers are provided below:
  • 1,022 Swaps
  • 22 Options
  • 7 Forwards

• A note of caution: a handful of OTC ISINs from the UAT (test) environment appear to have found their way into the FIRDS database

• Detailed Venue and SI level information is provided at the bottom of this note:
  • 2 new firms join the list of SIs reporting data this month
  • 2 new Trading Venues reporting data this month
  • The list of top 10 institutions reporting OTC ISINs to FIRDS (for RTS-23 purposes) appears to have stabilized

• Disparate populations of OTC ISIN data

• OTC Derivatives reported by SIs (for RTS-23 purposes)

• OTC Derivatives reported by Trading Venues (for RTS-23 purposes)

Published by Malavika Solanki