20 min | RFQ Working Group Status Update and Feedback on RFQ and Order Objects | | Hammad: - Updated WG on Board Mtg presentation
- Reiterated Board confirmed focus of WG should be tangible benefit rather than just a set of principles
- Gave overview of NY Meetup
Will: - Next stage/OSSF from FO perspective, get feedback about initial objects that have been defined, get input on next set of products group can kick off & backed by use cases
- Generic rates object
- Asked group to define additional trade objects
- Interconnectivity with FDC3
- Where is there use case and object that can be connected
- Accelerate definition of next few products
Johan - Use cases update FDC3
- They have 9 use cases & some will be relevant to FO WG
- Push from FDC3 use case to give to FO WG
- Use cases for FDC3 should just be action starters
Dan - Refinitive - toying with indication of interest object for pre trade in equity space.
- Pre trade IOI for example
Codrut - Welcomed and gave introduction
- Works for TradeWeb - Applications Development Group
- Interested in how trade will be represented mostly in review case
Ming Yang - Does she have additional points or need anything from FO WG
- From interfacing with dealer clients
- Interested in RFQ & equity derivative space
- Will get herself up to speed by next meeting
Mira - Will WG look at product (for example data modeling for equity derivative space)? Hammad: - Rather than look at product in its entirety, look at each segment which will then simplify communication
- Get key folks together to map out a plan of action.
- Dan & Mira to share anyone they already partner with and fold into this WG
Riko - Introduced himself works at JPM and quite active on FDC3
- Interested in exchanging data and governance
- Where are FO and how do people find and engage with them.
- Does FO WG consider themselves only financial or FO in general?
- How does Fixed Standards fit into this WG?
Will (clarified focus of this WG) - What is absolute minimum set of requirements (at FINOS) for workflow
- Format & construct in each of the attributes
Hammad - How is it best for WG members to consume info? Feedback from group - Version that fits with FDC3 object
- Rates object template readily available
- Reference implementation? What would template look like?
- Per Johan - could be like what W3C has or Javascript school (“try it” functionality)
- If someone is using objects (in the wild), give them an example of how we are using it
Hammad - Caution: have layperson’s approach, not exclusively FDC3 Will - Symphony will be joining next session |
20 min | Object Repository - Update
| Rob Underwood (Deactivated) | Rob was asked for update on approaches/suggestions - Tomorrow’s FDC3 PMC meeting - Mao will present documentation and how we build that in a more consumable way
- Next step will be to get feedback on that example
- Looking for balance in how to create balanced, usable, well organized documentation.
- FDC3 happens to be further ahead on this right now
- FO will be similar but not the same
- Requested documentation examples from the group (that they run across)
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