London, 19 September 2025: We are delighted to announce that the Derivatives Service Bureau (DSB) has won ‘Best Standards Solution for Data Management’ at the A-Team Data Management Insight Awards USA 2025. Voted for by industry participants, these awards recognise both established solution vendors and innovative newcomers that provide leading data management solutions, services and consultancy to capital markets participants across the USA.
The DSB has been recognised for the roll-out and ongoing delivery of the global Unique Product Identifier (UPI) Service for OTC derivatives. The UPI Service brings to fruition G20 commitments to reform the lack of transparency in the historically opaque OTC derivatives markets which contributed to the financial crisis. The UPI identifies the OTC derivative at an underlying product level, enabling regulators to monitor the build-up of systemic risks.
Following the successful launch of the UPI Service in October 2023, the USA was the first jurisdiction to go live with UPI reporting in January 2024 as part of the CFTC rewrite. Since launching, the DSB’s user base has doubled to over 2,000 users across 40 markets with between 5000-7000 UPI identifiers assigned each week by the DSB.
The UPI is now reported in the EU, UK, Singapore, Australia, Japan and Canada and the roll-out of UPI reporting across G20 jurisdictions continues with Hong Kong, Korea and Mexico coming online on 29 September 2025, 27 October 2025 and 3 November 2025 respectively.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said: “Developed in collaboration with both industry and authorities, the UPI plays a key role in bringing greater transparency to the global OTC derivatives market. We are delighted that the UPI Service has been recognised for its role in strengthening the financial ecosystem and look forward to continuing this journey with our stakeholders.”
ENDS
Media contacts
Carmen Rey, Amanda O’Sullivan – Streets Consulting
carmen.rey@streetsconsulting.com / amanda.osullivan@streetsconsulting.com
+44 (0)207073 2649
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 1,900 organisations spanning over 40 jurisdictions, 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
About ANNA
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.
