Oktris FIRDS Premium (Firm License)
The Oktris FIRDS service provides instrument reference data and transparency calculation data for over 11 million current instruments and over 40 million expired / matured instruments from both the UK Financial Conduct Authority and ESMA in Europe.
This license is a recurring monthly subscription with a minimum period of 12 months. It allows use of premium FIRDS by up to ten users. The firms administrator can allocate and move these licenses between a firms users on the Oktris Portal as required.
This product is the PREMIUM LEVEL of the Oktris FIRDS service. Oktris offers three levels of this service: Basic, Premium and API.
Product features by level.
Basic – Web based and offered free to all logged in users on the Oktris website:
- Can access the entire live database from ESMA and the FCA.
- Searches are possible by ISIN and optionally, MIC code.
Premium (this product):
- As for basic but additionally…
- Can access the entire historical database from ESMA and the FCA.
- Can access FITRS from both ESMA and the FCA.
- FITRS searches can be narrowed down to the time period the calculations were for.
- As for premium but additionally…
- Have access to the API which permits machine interaction with the service offering the same functionality that is exposed by the website. API uses the FIX Protocol
- Has an eligibility check – given an ISIN and a list of underlyings, is an instrument ToTV/uToTV and when did it become so?
- The API also permits ISIN lookup – when given partial information on an instrument, can search FIRDS and return a list of matching ISINs (for example, it may be known that the instrument in question is an option with a specific expiry and a certain underlying, or even that the name contains a specific string – it’s possible to find all ISINs that match the criteria with the API).
- Dedicated hardware – Depending on the complexity of the search and the number of matching records, it can take fractions of seconds in most cases, or tens of minutes for more demanding searches. Also, thousands of basic queries (here’s the ISIN, give me the data) per second can be sent and responded to via the API. Dedicated hardware is allocated to service API requests for a specific firm so as not to impact other user experiences and allow scaling of hardware for that specific firm to match their performance/cost appetite.