Create Trends – Banks continued to dominate as OTC ISIN creators, with Venues strong in the FX and Rates arena for the month of October. OTC ISIN composition by asset class and instrument are shown below.   Search Trends – FIX based messaging remains the strong preference for those programmatically connected to the DSB.   […]

Four new MICs reported reference data to FIRDS this month –  one OTF and three SIs. This takes the total number of reporting MICs to 85 – 32 MTFs who mostly report FX and Rates, 33 OTFs who have a broader asset class spread and 20 SIs who mostly report all but commodities’ reference data. […]

The September trend mirrors that of the prior month, with a 9% increase in the number of OTC Derivative ISINs created. Interestingly the DSB saw ISIN creation activity driven by a broader spectrum of users than in the prior few months, with 10 banks and 10 venues contributing towards 91% of all ISIN creation activity. […]

Analysis of the FIRDS snapshot for September month-end showed a modest increase in the number of unique OTC ISINs reported vs. the prior month. OTFs reported almost 14% more unique OTC ISINs in September than in the previous month, with an increase across every asset class. In the same period, reporting of unique OTC derivative […]

The August trend mirrors that of the prior month, with a modest 11% increase in the number of OTC Derivative ISINs created. The charts below show that banks continue to create most OTC Derivatives ISINs, with 13 banks and 7 venues having created almost 96% of all DSB ISINs. What is notable in August however, […]

Analysis of the FIRDS snapshot for August month-end showed little material change vs. the prior month. Systematic Internalisers, MTFs and OTFs continued to report similar proportions of OTC ISINs for each asset class, with SIs dominating equities reference data reporting and the venues more focused on FX and Rates reference data reporting as set out […]

As with the DSB monthly metrics for July, the FIRDS snapshot for July month-end, broadly showed continuation of existing behaviours with an 11% increase in the number of OTC ISINs reported to FIRDS for reference data purposes. Systematic Internalisers, MTFs and OTFs continued to report similar proportions of OTC ISINs for each asset class, with […]

There were no major surprises with respect to use of the DSB in the month of July, which suggests that use of the DSB may be reaching steady state. Some users searched for more ISIN specific data (see search trends below) and ISIN creation behaviour remained largely unchanged, with new ISIN creation rates continuing to […]

June saw yet another marked increase in the number of DSB ISINs reported to FIRDS, with most of the increase driven by venues. 33% more OTC ISINs were reported to FIRDS in June 2018 vs. the prior month end, with most of the increased reporting for 11 products as shown in the table below. With six […]

Once again, the rate at which new OTC ISINs are being created continues to fall – with a reduction for the fifth consecutive month. The rate of creation suggests that industry may have largely reached steady state for existing instrument types, with ISINs being created both at point of quote/trade and as part of post-trade […]