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 […]

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DSB Fees and User Contracts: DSB Publishes Second Consultation Paper Webinar Scheduled for 3rd July 2018 London, 2 July 2018 – The Derivatives Service Bureau today released the second and final consultation paper regarding user fees and contracts for 2019. Industry feedback is sought on open topics including potential changes to user support services, service […]

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DSB Announces First Technology Advisory Committee on 27th June Additional Members and Open Agenda available here London, 20 June 2018 – The Derivatives Service Bureau today published the agenda of the first meeting of its new Technology Advisory Committee. Topics of discussion range from infrastructure issues regarding the stability and resiliency of the DSB platform […]

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May 2018 showed a marked increase in the number of OTC ISINs reported to FIRDS, with higher OTC ISIN submissions from most (but not all) Venues and SIs. Following a request by some readers, this month’s analysis also contains metrics by DSB Product Type alongside the usual asset class breakdown. Highlights: OTC ISINs were reported […]

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The rate at which new OTC ISINs are being created continues to fall. Only 16% more ISINs were created in May – the lowest yet Swaps comprise 70% of all OTC ISINs created, with the remainder equally distributed across forwards and options Over 50% of DSB ISINs have been created for three instruments. Interestingly these […]

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  DSB Announces Technology Advisory Committee Membership Expands Committee Size to Accommodate Increased Industry Interest London, 1 June 2018 – The Derivatives Service Bureau today announced the members of its newly formed Technology Advisory Committee (TAC). The mission of the TAC is to provide guidance and recommendations to the DSB Board on technology implementation and […]

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This months’ FIRDS data analysis provides some interesting insights including some new data points provided after a few industry participants reached out after the DSB’s previous blog on the topic. Most DSB ISINs have not yet made their way to FIRDS: 8.2mm OTC ISINs have been created 16% of all DSB ISINs are in FIRDS […]

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This note focuses on both OTC ISIN creation and search trends to provide users with more insight into how the DSB is being used. ISINs Created Most DSB ISINs have not been reported to FIRDS (20% regulatory reporting rate) 10 firms continue to create 75% of all DSB ISINs – 3 venues + 7 banks […]

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A month ago, I described the DSB’s preparations for what turned out to be a very successful industry load test on 6th – 7th April, the results of which we published last week. Based on that success, we promoted the new high performance code base into production on 22 April. In this blog, I will […]

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There has been some excitable chatter recently from some commentators and trade associations around the use of Delivery Type within the OTC-ISIN. I hope this article will shed light on this matter, in the usual DSB manner: objective, evidence-based and neutral. Why is Delivery Type Important? Let’s start at the beginning: is this issue worth […]

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