Isin database users oppose further fee increase

Derivatives Service Bureau may hike fees for top users to cover cost of proposed additional services

The derivatives industry is up in arms over a potential increase in fees its participants pay to create and search for international instrument identifiers, after the charges were already hiked by almost three-quarters for top users in January.

The Derivatives Service Bureau – the authority running the database of International Securities Identification Numbers (Isins) for over-the-counter derivatives – said in May it might increase the fees for its top users next year, to cover additional co