London, June 6 2025 – We are proud to share that the Derivatives Service Bureau (DSB) has won ‘Best Reference Data Initiative’ at the WatersTechnology Inside Market Data and Inside Reference Data Awards 2025. These awards recognise excellence in initiatives, innovation, technology and services across the market and reference data domains, including ESG and alternative data, corporate actions data, data analytics, evaluated pricing data, research, data management tools, and managed data services.
This award season the DSB has achieved significant global recognition as winners and finalists of awards based in the US, Asia, the EU and UK, highlighting the DSB’s ongoing contribution in standardising OTC derivatives reference data across international markets.
The award recognises the DSB’s successful delivery of the global Unique Product Identifier (UPI) Service for OTC derivatives, with the UPI enabling regulators to monitor u the build-up of systemic risks by identifying OTC derivatives at an underlying product level.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “Developed collaboratively with global regulators and industry stakeholders, the UPI is now a cornerstone of global data standardisation for OTC derivatives. Harmonising reference data at an international level enhances risk management, reduces operational complexities, and fosters greater trust across jurisdictions. We are proud that our efforts have been acknowledged for contributing to a more interconnected and robust financial ecosystem worldwide.”
The DSB continues to collaborate with industry stakeholders to advance international identifier standards, with UPI mandatory reporting commencing in Canada, Korea, Hong Kong and Mexico later in 2025.
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.
