DSB To Create Technology Roadmap
In response to feedback from its most recent industry consultation, the Derivatives Service Bureau (DSB) today announced plans for the creation of a strategic technology roadmap for OTC derivative identifiers.
The DSB is a fully automated generator of International Securities Identification Numbers (ISINs) for OTC derivatives. The DSB is the first numbering agency designed to operate on a global basis to meet the particular requirements of the derivatives markets including near real-time allocation of ISINs.
The newly created Strategy Subcommittee of the DSB Technology Advisory Committee was developed in response to industry feedback, and will take forward the technology-related work of the original ISO standards working group (“SG2”), completed in May 2016 under the co-convenorships of ANNA and ISDA.
As part of the DSB’s ongoing efforts to collaborate with the industry, the Subcommittee will follow an open and inclusive process with a diverse stakeholder base, and will take into consideration other relevant regulatory and industry initiatives that the DSB should aim to be consistent with. Further details of the Strategy Subcommittee’s purpose are available in its Charter here.
“The DSB looks forward to creating a robust technology roadmap to service the industry’s evolving needs around OTC derivatives identifiers,” said Marc Honegger, TAC Sponsor and board member of the DSB. “Having successfully enabled OTC derivative users to meet their MiFID II reporting requirements in 2018, we now look forward to working with industry in 2019 to develop the DSB strategic technology roadmap.”
Membership of the TAC Subcommittee will be announced on 11 October 2018, with the first meeting held on 8 November. In the interest of transparency, records of the TAC Strategy Subcommittee will be made available to the public on the DSB’s website.
“The DSB’s best-in-class technology is already proven within the European regulatory environment,” said Sassan Danesh, member of the DSB management team and the Designated DSB Officer of the TAC. “We are delighted to extend the benefits of this state-of-the-art technology to additional use cases by addressing the wider recommendations of the ISO SG2 Study Group.”
The kick-off meeting agenda, the full list of TAC Strategy Subcommittee participants, and records of meetings will be available at the DSB website.
Advanced analytics and robotics solutions are gaining ground.
Voting members will increase from 9 to 15.
Parent Cinnober is heading into Nasdaq's arms.
MiFID II requires asset managers to submit transaction reports.
Asian investors increasingly want to access European capital markets data.