OTC derivative reference data reporting trends in EU and UK FIRDS and FITRS in Q4 2021 with the following highlights:

  • FIRDS (EU+UK) – The number of unique and new OTC ISINs reported to FIRDS in November 2021 was the highest in the last 2 years, with 72 % of all FX Forward ISINs ever created, being reported in the UK. This increase was mainly driven by MTFs.
  • EU FIRDS – OTC Equity derivatives saw a dramatic increase this quarter with an upward trend since the beginning of 2021 and a peak in November ‘21.
  • UK FIRDS – In addition to increase in FX mentioned above, Credit also showed an increase in Q4 with a spike in December ‘21, however absolute numbers reported for this instrument remain relatively low.
  • EU FITRS – The number of FX transactions reported in 2021 peaked in December.

FIRDS reporting (for each of UK and ESMA FIRDS) shows the following changes between Q3 and Q4 2021 when looking at reporting at by Instrument:

FIRDS reporting (for each of UK and ESMA FIRDS) shows the following changes between Q3 and Q4 2021 when looking at reporting by Relevant Market MIC: