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.