Published by Malavika Solanki Several users have reached out with this question in recent weeks, prompting this note. Having discussed the matter with a range of industry experts, it was felt that an analogy from outside financial markets might be the best way to highlight the principle… so here it is. A helpful way to […]

Published by Elli Sperelaki

Published by Malavika Solanki A review of live trades in FIRDS as at year-end December 2019 shows a continued divergence between the number of live trades reported by MTFs, OTFs and SIs, a theme we first reported on in our previous note on the subject. As the charts below show, the three MIC types had […]

Published by Malavika Solanki OTC ISIN creation and search trends remain consistent with prior months, with the sell-side and venues creating approximately equal numbers of Rates and FX ISINs, and the sell-side dominating most other OTC ISIN creation activity. The data below sets out highlights of activity from launch of the DSB service on 2 […]

The Derivative Service Bureau is working with industry participants to publish best practice guidance that helps OTC derivatives data practitioners increasingly focus on data alignment  Industry participants are increasingly focused on the importance of data standards due to the insights they stand to gain from capturing ‘clean’ data. As such, there has been a recent […]

Published by: Malavika Solanki OTC ISIN creation activity held steady last month, with a 4% increase in the total number of OTC ISINs now available for use. While most headline data remained largely unchanged, there were a few notable exceptions at an instrument level, as listed here: More OTC ISINs created in Jan 2020 (than […]

Published by Malavika Solanki OTC ISIN creation activity increased marginally in the final month of last year, with 5% more OTC derivative ISIN records having been created. ISIN creation activity rose at a consistent rate for the following instruments: Commodities: Forwards Credit: Corporate CDS Equity: Single Name Portfolio Swaps, Price Return Basic Performance Single Name […]

Published by Malavika Solanki OTC ISIN creation activity continued at the same pace as the prior month, with 6% more ISIN records added to the DSB database. As expected, the increase was driven entirely by the creation of new Rates ISINs following implementation of the Term of Contract changes in late September. If history is […]

Published by Malavika Solanki Overall OTC ISIN creation activity rose 1% in the month of October – driven primarily by Rates and a slight increase in the number of FX Forward ISINs. The data shows that Trading Venues created slightly more Credit OTC ISINs in October, with the Sell-side create activity higher for both Rates […]

ESMA Q&A published in September 2018 provided guidance on a number of matters, including a view on how RTS-23.Field34 (Delivery Type) was to be populated in order to ensure more consistent reporting for Interest Rate Swaps. Specifically, the Q&A noted that: “The value P – Physical is to be used when an interest rate swap […]