Derivatives Service Bureau Launches Real-Time Isin Creation
This will allow users to meet regulatory reporting requirements under Mifid II.
A global OTC Isin data archive will be created starting with the first users being onboarded for creation of Isins for OTC derivatives. This will also contain Classification of Financial Instruments (CFIs), Financial Instrument Short Name (FISNs) and associated reference data.
DSB will begin user-acceptance testing (UAT) for the inclusion of Traded on a Trading Venue (ToTV) flagging on November 20, 2017 and start production in December 2017.
The DSB provides web-based, direct connection and intermediary access to create OTC derivative Isins and access to the OTC Isin data archive for research or download.
Registered users will have access at no charge only for web-based research and/or automated download of the archive of the most recent end-of-day.
The DSB will charge annual fees for users creating Isins and for those requiring intraday information about new Isins or programmatic connections. The DSB Isins may be used and redistributed without restriction, DSB says.
Prior to the launch, the pre-production UAT mode has been open for five months. More than 500 users from 167 organizations have made use of the UAT environment. Meanwhile, 66 organizations have applied for direct FIX (Financial Information exchange) connectivity, of which 36 are active across 130 connections.
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