London, 18th September 2020 – The Derivatives Service Bureau (DSB), 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 that it has been awarded “Best Reference Data Initiative” as part of WatersTechnology’s Inside Market Data and Inside Reference Data Awards 2020.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “The DSB is delighted to be recognised by WatersTechnology and the industry for its outstanding work with reference data. The DSB serves as a data alignment facilitator for OTC derivative reference data – which is increasingly being used to drive operational efficiencies alongside regulatory reporting needs. We look forward to continue working with industry stakeholders to help address regulatory challenges and compliance for OTC derivatives including future implementation of the Unique Product Identifier (UPI) to further complement the existing suite of reference data standards for OTC derivatives.”
Malavika Solanki, a member of the DSB Management Team, said, “We are very proud to have won this award for Best Reference Data Initiative. We welcome the recognition as we look to the future and continue our collaboration with others in industry on the Unique Product Identifier (UPI), transition to the latest version of the CFI standard, as well as delivering on a range of other initiatives. The DSB remains focused on working in partnership with our diverse range of users, as we help them address their data challenges – be it by providing open source standardization tools or free to use datasets. Continually improving data alignment and ensuring infrastructure stability is integral to everything we do and will be long into the future.”
Max Bowie, WatersTechnology, said, “The DSB has won the Best Reference Data Initiative in the Inside Market Data and Inside Reference Awards this year in recognition of work on behalf of the industry to improve data quality and standardisation for OTC Derivatives. WatersTechnology is delighted to present this award, reflecting the importance they place on high quality reference data.”
Today, the DSB has over 4,100 users across 470 firms, spanning every category of institution from the buy-side and sell-side through to trading venues, custodians, wealth managers, data vendors and more. Now used in 33 countries, the DSB was founded following the European regulatory mandate in 2016 for the ISIN to be used for uniquely identifying and reporting OTC derivatives under MiFID II. Market participants drive the ongoing service evolution and have directly lead to further investigation of a range of enhancements to deliver broader data efficiencies in a cost-efficient manner.
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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.
The DSB has also been designated as the sole provider of the Unique Product Identifier (UPI) by the Financial Stability Board (FSB) and is working with stakeholders to make the UPI globally available.
Serving almost 500 institutions (70% free of cost), 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 the website
About WatersTechnology’s Inside Market Data and Inside Reference Data Awards
The annual Inside Market Data and Inside Reference Data Awards, now in their 17th year, play a key role in WatersTechnology’s awards program, and are the only awards that feature a mix of call-for-entry categories determined by a panel of judges and categories compiled by WatersTechnology’s journalists and voted on by the brand’s readership. This year’s awards featured 32 categories in total: 21 call-for-entry categories, 10 journalist-compiled categories, and a hall of fame (lifetime achievement) award, the recipient of which was Mike Meriton, co-founder of the EDM Council and former CEO of GoldenSource.