New Industry Initiative for a Derivatives Product Identification Standard

Fundamental to providing quality price data is the accurate identification of the instrument to which it belongs. In the securities markets this has long been available through the use of industry codes such as ISINs and CUSIPs, but the OTC markets have lacked internationally accepted identifiers. This has presented PaceMetrics with complexities in enforcing a ‘golden source’ for derivative prices for its clients. So this initiative from ISDA, which will enable firms to address the regulatory reporting demands in the US and Europe, is very welcome.

New Industry Initiative for a Derivatives Product Identification Standard

 


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