Derivatives Service Bureau wins ‘Best Standards Solution for Data Management’ at the Data Management Insight Awards USA 2022
London, 23rd September, 2022 – The Derivatives Service Bureau, DSB, the global golden source of reference data for Over the Counter (OTC) derivatives, has today announced it has been awarded ‘Best Standards Solution for Data Management’ at the inaugural Data Management Insight Awards, USA, 2022.
The awards are designed to recognise providers who are creatively finding solutions to help with data challenges that span a wide range of market and regulatory requirements. The awards were overseen by the Data Management Insight Awards Advisory Board, who helped shape the categories and review the winners in collaboration with the A-Team Insight editors.
The DSB is the golden source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Classification of Financial Instruments codes (CFIs), Financial Instrument Short Names (FISNs) and the forthcoming Unique Product Identifiers (UPI). The DSB has also been designated by the Financial Stability Board to be the sole operator of the global UPI Service and Reference Data Library, establishing an OTC derivatives framework. With OTC ISINs now used in at least 33 countries for identifying OTC derivatives, the DSB serves over 4,000 users, spanning approximately 500 institutions, with 70% of users obtaining their reference data free of cost.
“Congratulations to The Derivatives Service Bureau on their success as the Best Standards Solution for Data Management in the inaugural Data Management Insight Awards USA 2022. These awards were voted for by our Data Management Insight community who are seeking to highlight data management solutions that have successfully improved firms’ abilities to manage, control, analyse and gain insight from ever-growing volumes of data across global capital markets. In a highly competitive marketplace this prestigious award represents an admirable achievement,” said Angela Wilbraham, CEO of A-Team Group, which hosts the Data Management Insight Awards USA.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We are thrilled to receive recognition from Data Management Insight and would like to thank the industry who continue to collaborate with the DSB to make data standards operate best for the market. The DSB’s role as the source of multiple ISO standards related to OTC derivatives provides a unique forum for market participants to access objective, independent data on OTC derivatives, and we share this award with all those involved.”
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The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau, DSB, is the global golden source of reference data for Over the Counter (OTC) derivatives. Serving over 4,000 users spanning approximately 500 institutions, the DSB enables market participants to meet their regulatory reporting obligations to trade repositories, and for post- trade transparency and market abuse reporting related to MiFID II. A global utility with widespread industry representation, expertise and collaboration at its core, the DSB provides its reference data on a cost-recovery basis to increase transparency, efficiencies and interoperability through the use of standards. Users can access the DSB’s automated zero-touch technology platform through an open and easily accessible web interface that can handle multiple taxonomies of definitions and descriptive data for near real-time allocation.
Founded by the Association of National Numbering Agencies, ANNA, the DSB is the sole source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Unique Product Identifiers (UPIs), Classification of Financial Instruments Codes (CFIs) and Financial Instrument Short Names (FISNs). In addition to its ISO mandates, the DSB has been nominated by the Financial Stability Board of the G20 to be the exclusive global operator of the UPI Service. This service will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element. 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.