The ANNA Derivatives Service Bureau (DSB) today announced that Amazon Web Services (AWS) has been selected as the cloud services provider for the DSB, alongside Datapipe as the Service Provision Provider (SPP) for the DSB platform. With the engagement of these companies, the DSB initiates build-out of the infrastructure to address global requirements of market participants and regulators. The DSB platform will provide near real-time allocation of International Securities Identification Numbers (ISINs) for OTC derivatives, as well as the ability to download the full archive of these ISINs and their associated reference data.
“Securing Amazon Web Services and Datapipe for infrastructure provision and management is another major step forward in the DSB’s mission to deliver OTC derivative ISINs to the industry,” said Emma Kalliomaki, managing director of the Association of National Numbering Agencies (ANNA) and the DSB. “We are enthusiastic about the massive resources and proven expertise they bring to this ambitious development project, and we look forward to their provision of the custom-architected and managed solution to meet our global needs.”
Datapipe and AWS were selected following a formal RFP process managed by BearingPoint, the management and technology consultancy that serves as trusted advisor to ANNA in development and oversight of start-up activities, as well as business strategies and practices. AWS is a leading provider of highly reliable, scalable, low-cost cloud services to millions of customers across the globe. Datapipe, which will provide customization and management services for the infrastructure, is an AWS Partner Network (APN) Premier Consulting Partner with expertise in architecting, migrating and managing next-generation technology environments.
“ANNA’s decision to build the DSB on AWS demonstrates the importance of building mission-critical industry utilities on secure, scalable, resilient and globally distributed infrastructure,” said Scott Mullins, head of worldwide financial services business development, Amazon Web Services. “The DSB and its users will benefit from AWS’s global scale, cost efficiencies, and secure cloud services, and we are delighted to be selected as DSB’s cloud services provider.
Stewart Smythe, managing director of Datapipe Europe said, “We were able to address the global requirement of DSB and use Datapipe’s expertise combined with AWS infrastructure to provide it with a managed solution for the DSB platform. The infrastructure is ready to support its requirement for the near real-time allocation of ISINs and it delivers OTC derivative ISINs in time for MiFID II regulations that come into effect on the 3rd January, 2018.”
The development timeline of the DSB is keyed to the enforcement date of the EU’s MiFID II regulation. enabling users to transition into production before European regulatory reporting of some OTC derivatives becomes mandatory in January. User Acceptance Testing is due to launch on 3 April 2017, and UAT registration is now open. DSB production service begins on 2 October 2017.
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About The Derivatives Service Bureau (DSB) Ltd
Headquartered in London, the DSB is a privately held subsidiary of the Association of National Numbering Agencies. Its core purpose is to serve as a global numbering agency, providing a unique identification of OTC derivatives to serve the needs of market participants and regulators through the allocation of the International Securities Identification Number (ISIN) as OTC products are created. The ISIN is a globally recognised and adopted ISO standard for identifying financial instruments.
More detailed information on the DSB and its development path can be found in the DSB section and related pages, as well as recent announcements at the ANNA website.
Established in 1992 by 22 founding numbering agencies, ANNA is the membership organisation of national numbering agencies, which are operated by depositories, exchanges, government agencies, nationally central data vendors and other financial infrastructure organisations. ANNA also serves as the registration authority for the ISIN and FISN standards, under appointment by the International Organization for Standardization (ISO).
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. ISINs are issued today more than 200 jurisdictions worldwide. In addition, ANNA is developing the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the operational and regulatory requirements of the over-the-counter derivatives markets. The number of national numbering agencies and nations working to establish national numbering agencies continues to grow each year, now surpassing 120 jurisdictions globally.
For information about ANNA, its members and activities, please visit anna-web.org.