Market participants say ISINs for derivatives are not user-friendly.
The clearing capability will be for listed derivatives and OTC products.
Treatment of initial margin can be a disincentive for client clearing.
FX options, spots and forwards will migrate to TradeServ in the first half of 2019.
BrokerTec clients will be able to consolidate their repo, OTC and listed derivatives risks.
Deutsche Börse is also looking for acquisitions.
The Bank of England also warned that £41 trillion of derivatives are at risk.
Fees to generate derivatives ISINs will be 4% lower.
There have been calls for more use cases for identifiers on OTC derivatives.