Published by Malavika Solanki A review of live trades in FIRDS as at month-end September 2019 shows a growing divergence between the number of live trades reported by MTFs, OTFs and SIs, for the first time since the start of the year. As the chart below shows, the three had been on a largely convergent […]

Published by Malavika Solanki OTC ISIN creation activity rose slightly this month and holds steady at approximately 5% more OTC ISINs having been created in the month of September. Activity was broadly higher in most types of credit instruments, with Corporate, Sovereign and Index CDS more active than the prior month, as was also the […]

Published by Malavika Solanki OTC ISIN creation activity declined marginally but holds steady at just under 4% more OTC ISINs having been created in the month of August. Products where activity was higher than the prior month included Non-Standard CDS, Single Name Swaptions, Equity Swaps on indices and Cross-Currency Fix Float Swaps. Products where month on […]

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 […]

Published by Malavika Solanki This month’s update contains the usual metrics, including an overview of the reporting trend by institution type. Looking at OTC ISIN data reported to FIRDS (see below), it’s clear that convergence (of a kind) remains the order of the day, with the gap closing further in Q2 2019. Notably, June 2019 […]

Published by Malavika Solanki OTC ISIN creation activity was slightly lower in June, with a couple of items of note: (a) a modest but continued increase in the number of Portfolio Swap ISINs and (b) a similar theme in the creation of FX Swap and FX NDS reference data records. Analysis by user type, asset class […]

Published by Malavika Solanki OTC ISIN activity (creation and search) continued in a similar vein to prior months, with two notable items: (a) overall OTC ISIN creation activity was at its lowest level vs. that in the prior year and (b) users are now making steady use of the three new portfolio swap templates introduced […]

Published by Malavika Solanki The number and type of OTC derivative reference data record (ISIN and/or CFI codes) creators remains consistent, with the sell-side and trading venues (similar dispersion of MTFs and OTFs) dominating data creation activity, with a much broader group of data consumers, consistent with last month’s data. DSB reference data record generation and […]

Published by Malavika Solanki This month’s update contains the usual metrics but starts with a new data point at the request of several industry participants – the monthly volume of OTC ISINs being created and subsequently reported to FIRDS. Looking at OTC ISIN data reported to FIRDS (see below), it’s clear that initial disparities have tapered […]