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.”
