The International Swaps and Derivatives Association (ISDA) has expanded its SwapsInfo offering to include data on US-reported FX derivatives.
The move is expected to boost transparency in the OTC derivatives market, by providing insights into trading activity for FX forwards, swaps and options.
The enhancement is set to support users in identifying market trends and comparing activity across different market segments, by enabling data analysis based off product type, currency pair, execution method, tenor and clearing status.
Olga Roman, ISDA head of research, commented: “SwapsInfo was developed to make derivatives market data more accessible and easier to analyse.
“The addition of FX derivatives broadens the scope of the platform and gives market participants and policymakers another valuable source of information for analysing activity in OTC derivatives markets.”
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The move expands SwapsInfo’s current data suite, which spans interest rate derivatives and credit derivatives reported in the EU, UK and US.
The new FX dataset also covers transactions publicly reported to the Depository Trust & Clearing Corporation (DTCC) swap data repository, under US Commodity Futures Trading Commission (CFTC) regulations.
FX derivatives have been a key area of focus for ISDA so far this year, and in March, the trade associated published a revised set of standard definitions for FX derivatives transactions, in collaboration with EMTA.
The new definitions will come into play from 22 November 2027 and replace the 1998 FX and Currency Option Definitions as the market standard for these transactions.