"It's just another ID in a database!"
Market participants, especially in European fixed income and equities markets, are familiar with the International Securities Identification Number (ISIN) as one of many pieces of reference data they work with every day.
And many—like the one quoted above (a former fixed-income analyst at Tier 1 banks and now a derivatives trader)—react with bemusement when confronted by the esoteric and political issues behind this alphanumeric code.
These issues aren't nec
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails