Derivatives Service Bureau wins ‘Best Reference Data Newcomer’
at the Waters Technology Inside Market and Reference Data Awards 2019
London, 22nd May 2019 – The Derivatives Service Bureau, founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, is delighted to announce today that it has been awarded ‘Best Reference Data Newcomer’ at the Waters Technology Inside Market Data Awards and Inside Reference Data Awards 2019.
“The Derivatives Service Bureau is fulfilling an important requirement under MiFID II— that over-the-counter derivatives have ISIN identifiers assigned to them. The judges chose DSB as winner of the Best Reference Data Newcomer category because of its achievement in playing a critical role in the new European market infrastructure,” says Max Bowie, Managing Editor of Waters Technology.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We are thrilled to receive this award from Waters Technology in recognition for our work as a newcomer in providing the best reference data for the OTC derivatives industry. Over the past two years we have worked collaboratively with industry to achieve the fully automated global generation of ISINs, CFIs, and FISN for OTC derivatives and are committed to the use of international standards to make the OTC derivatives market a more stable and efficient environment within which to trade.”
Malavika Solanki, a member of the DSB Management Team, said, “The Derivatives Service Bureau could not be happier with the win! The DSB provides both free of cost and paid access on a cost-recovery basis to users from over 420 institutions, with over 300 firms using the service free of cost. We continue to be motivated to bring greater standardization and integration of core data reference to the OTC derivatives market as the DSB extends it services to also include generation of the Universal Product Identifier (UPI).”
Up and running within 15 months of inception, the DSB’s OTC ISIN solution was fundamental for participants trading OTC derivatives to meet their MiFID II reference data reporting obligations, with industry rapidly adopting the service to facilitate other regulatory reporting needs – such as other MiFID II requirements and EMIR level III reporting.
The Derivatives Service Bureau (DSB) offers a zero-touch, fully automated platform for multi-channel OTC ISIN generation, search, subscription and download. The global solution enables users to easily map from industry taxonomy to regulatory taxonomy.
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The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau is a global numbering agency for OTC derivatives serving the needs of market participants through the allocation of International Securities Identification Numbers (ISINs), the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), all globally recognised and adopted ISO standards for identifying, classifying and describing financial instruments. With an underlying technology platform that is built to support multiple taxonomies of definitions and descriptive data, as well as numbering in near-real-time, the DSB is motivated to bring greater transparency and integration within the OTC derivatives market, enabling institutional investors to standardise data and better control operational risk. Users can access the DSB through a web interface, by accessing data in daily update files or by direct integration to front-office systems for trading and order management.
The DSB is a legal subsidiary of the Association of National Numbering Agencies (ANNA). With widespread industry representation, expertise and collaboration at its core, the DSB’s history, pedigree and expertise are rooted in ANNA, with its broad experience and overview of handling both on and off-exchange ISINs for all asset classes. If you would like to use the Derivatives Service Bureau please visit the DSB website
The Association of National Numbering Agencies (ANNA) is a global member association seeking to foster standardisation within the financial industry by upholding the International Organization for Standardization (ISO) principles and by promoting ISIN, FISN and CFI codes for financial instruments. This is achieved through ongoing, collaborative work with market participants, regulators and other standards bodies.
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. Founded in 1992 by 22 numbering agencies, today ANNA’s membership continues to grow, with more than 120 global members and partners allocating ISIN, FISN and CFI codes on behalf of their local jurisdictions. By putting in place rigorous governance around the development, allocation and sharing of ISIN, FISN and CFI codes, ANNA helps facilitate open, transparent markets diminishing barriers to access, while protecting the integrity of the standards. As a result, ISIN has become the recognised global standard for unique identification for all types of financial and referential instruments, helping to connect and protect global markets.
In addition, ANNA has established the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the specific operational and regulatory requirements of the over-the-counter derivatives markets.
For information about ANNA, its members and activities, please visit anna-web.org.