The Derivatives Service Bureau calls for participation in Technology Advisory Committee
The Derivatives Service Bureau (DSB), the global golden source of reference data for OTC derivatives, today announced that the DSB’s Technology Advisory Committee (TAC) Charter is welcoming new applicants ahead of a new two (2) year term, with an application deadline of 23rd October.
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Established in 2018, the TAC provides advisory support to the DSB in recognition of required enhancements and adaptations to its technology base and services. Working alongside the DSB Product and Governance Advisory Committees, the TAC is responsible for the technical stewardship ensuring the DSB technology strategy is aligned with the needs of the markets it serves, including making recommendations to the DSB Board on technology-related DSB industry consultation topics.
The TAC is composed of representatives from DSB user organisations, independent experts and regulatory observers within the wider OTC derivatives community and its remit includes matters relating to both the OTC International Securities Identification Number (ISIN) and the Unique Product Identifier (UPI) Services. The DSB invites applications from OTC-derivatives technology practitioners from across all jurisdictions and institutional types to contribute to DSB technical governance and development.
During previous charter terms, the TAC has focused on the DSB’s resiliency, including the DSB’s disaster recovery arrangements. A key development is the addition of a second “as-production” UAT environment, introduced to assist users with regression testing of their own IT changes against the DSB. The TAC has also launched specialist subcommittees with the Global Agile Architecture subcommittee having recently overseen the migration of the DSB’s infrastructure to a globally distributed data repository covering multiple locations in Europe and North America.
Andy Hughes, a member of the DSB Management Team and DDO of the TAC, said, “The collaboration with the TAC over the last charter term which helped shape UPI implementation and its integration into the OTC ISIN Service. This continued collaboration with the TAC members will be essential during this next charter term as the DSB expands into further global jurisdictional regions and adapts to changes in digital operations."
Emma Kalliomaki, Managing Director of ANNA and the DSB added, “The TAC is instrumental in shaping the DSB technology roadmap. The technical expertise of the TAC continues to play a key part in the evolution of our services. The work of the DSB industry representation groups is highly valued and designed to ensure that all developments continue to best serve industry requirements.”