Ayaz Haji

Convene & roll call

Introduction of Equity OTC Use Case

Presented: Trade objects use case - Mutations of Trade Object EQ OTC (see screenshot)

Scenarios are one of Mira’s projects for replatforming at UBS.

Currently in proof of concept stage. Not in production stage

Scenario 1

Single block trade that is then allocated (to 2 accounts) and one of the allocations is subject to a trade explosion

Challenge was to make sure there was robust model that could accommodate event use cases

Trade = block trade then allocated to two different accounts

Core requirements is to enable different needs - ledger, risk, etc.  

Determine transactional lineage & be able to link things and enable different user views.

Link between trade/trade

Scenario 2

A leg in an allocation group matches an open trade, subsequent increase, amend and closure should recognize that is the new instrument (see screenshot)

Update on new Use Cases from FDC3 program

People now starting to implement based on instrument.  Johan changed the Content Data group is happy the way they are.  Should FO stick with format that final votes come from FO? Or is FO at that stage and if so, how will this be done?

Rob:

1. Ratify objects themselves
2. Discussed at OSSF - if and how to make object definitions available from FO
3. FO group needs to formally accept definitions and ratify them.

Johan:

Group should come together and manually vote/approve.  Currently 4 or 5 ready for this process.

Will:

Tooling - (left off before holiday) - what’s outstanding?  Is there a proposal?

Rob:

Getting there.  Mao working on it using Protobuff.  Getting helpful feedback from AQR (they wrote something similar to what Protobuff does but ultimately abandoned this).  Mao not ready to share but we are looking for modeling tool that’s useable for business analysts but not necessarily people who write code.  Create initial blueprint that can be used to produce code similar to that which Rob wrote in typescript. Progress made but maybe in 2-4 wks ready to demo.  

Will:

Methodology or anything else FINOS wants feedback on in the meantime

Object Repository - Update

Rob asked group:

Does what he put together conceptually this make sense (mostly for Joahn)? Does names spacing, import, etc make sense?  

Johan:

Not trained enough to determine.  

Just wants simple documentation page where people can go and read standard names they should be using. 

Hammad Akbar