Published by Malavika Solanki

OTC ISIN creation activity continues to hold steady with a marginal 4% increase in the number of OTC ISINs created in the month of July. Products where activity was higher than the prior month included Commodity Swaptions, Multi-exotic Commodity Options, Portfolio Swaps, Forward FX Vol Agreements, Cross-currency Zero Coupon Swaps and cross-asset/Other complex swaps and options. Products where month on month activity declined include Multi-exotic Commodity Swaps, Loan CDS, Non-deliverable FX Swaps, Cross-currency Fixed-Float NDS and Inflation Basis Swaps. 

Data Creation Trends: With the exception of FX and Rates, the sell-side continues to dominate most OTC ISIN creation activity.

Broad asset class trends are fairly consistent with earlier reporting.

Month on Month (MoM) changes in both absolute and relative terms show that although the number of new ISINs largely holds steady, there was increased variation at product level, with a relative rise in the number of non-standard and complex product ISINs being created.

 

Search Trends: Search activity in the DSB database increased materially in the month of July, with an aggregate increase of 10%, driven by users of both FIX and ReST APIs. When we examine the flow by type of search conducted, we see that “Retrieve ISIN record by ISIN” was up 12%, “Retrieve ISIN record by Attribute” was up 8% and “Search for ISIN record by Attributes” was up 3%.

 

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