Bureaucracy goes even more tech as Derivatives Service Bureau expands Technology Advisory Committee

The Technology Advisory Committee now has six members based in Asia, one in the MENA region, ten in North America, and thirteen in Europe.

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, is delighted to announce that its Technology Advisory Committee (TAC) has expanded to reflect broad geographic reach following the Financial Stability Board’s (FSB) designation of the DSB as the Unique Product Identifier (UPI) Service Provider.

A new two-year term of the TAC begins today. TAC membership has been expanded to reflect the geographic diversity that will underpin the global UPI implementation effort. The TAC now has six members based in Asia, one in the MENA region, ten in North America, and thirteen in Europe. TAC membership is comprised of representatives from across the sell-side, buy-side, data vendors, execution platforms, market infrastructure providers, trade associations and other industry experts.

The TAC Chair also continues to be drawn from industry, underpinning a core principle of the DSB to remain very much industry driven. The outgoing chair, David Broadway, has led the industry forum through industry’s implementation efforts, and subsequent rationalization of workflows, as well as the onboarding of a Chief Information Security Officer at the DSB; enabling the new TAC Chair, Chris Pulsifer Software Development Manager from Bloomberg LP, to build on these significant achievements.

A key role of the TAC’s work is now to assist the DSB in specific developments, such as supporting UPI implementation planning, as well as continue to focus on delivering on a range of cybersecurity, business continuity and infrastructure review related matters, in conjunction with feedback from the broader industry community.

Marc Honegger, Member of the DSB Board and TAC Sponsor, said, “We thank David Broadway for his stewardship of the TAC’s first term and are delighted to have Chris Pulsifer join us as the new TAC Chair. He is well placed to lead the TAC given his active participation throughout the first term, as well as bringing extensive industry experience. The TAC achieves its success because it is full of highly experienced experts who bring a wealth of knowledge to discussions, and the additional expansion exemplifies the global nature of the institutions that are working with and using the DSB.”

Andy Hughes, DSB Technology Manager, said, “The TAC spends much time focusing on resilience for DSB users and provides critical expertise to ensure there is continuity across all DSB operations. The expanded team will continue to assist the DSB in its consideration of high level functional and work-flow requirements, and will be particularly focused on the UPI in the coming year. The UPI and associated reference data are also being codified in the form of an ISO standard which is now under development, and the TAC will focus on the workflows needed to request and create UPIs, as well as searching within the UPI Reference Data Library.”

Read this next

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

<