Isda called on to improve OTC commodities market

The operations metrics are a collated, pooled set of historical monthly statistics reflecting trading volumes, outstanding confirmations, nostro breaks and levels of automation, said Whiting, speaking at an International Swaps and Derivatives Association commodities conference in London.

Such pooled data already exists for the OTC markets of fixed income, equities and credit derivatives. Extending the initiative to cover OTC commodities would enhance transparency for the asset class and help Isda to monitor it more carefully, she said.

Any firm submitting regular information to the metrics would receive market-wide information back from Isda, she added.

Whiting also called for greater industry support for Financial Products Mark-up Language (FpML). More widespread use of the language would enhance automation and promote straight-through processing, reducing risk across the industry, she said.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: