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Meeting minutes status: Approved (on 2019/07/25)
Table of Contents
Table of Contents | ||
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Date/Time
2019-03-07 12:00pm US-EDT
Attendees
Name | Organization | Attending (Y/N) | |||||||||||||||||||||||||||||||||||||||||||
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Hammad Akbar | Citi | Y||||||||||||||||||||||||||||||||||||||||||||
Will Quan | JPMY | ||||||||||||||||||||||||||||||||||||||||||||
Rich Linnell | AdaptiveY | Marmik Shah | AllianceBernstein | Aadi Thayyar | AllianceBernstein | John Lin | AllianceBernstein | Kiran Jawale | AllianceBernstein | ||||||||||||||||||||||||||||||||||||
Tim Kolecke | Citadel | Kevin Foley | Citi | Svyatoslav (Slava) Kryukov | DB | Johan Sandersson | FactSet | Y | Gab Columbro | FINOS | |||||||||||||||||||||||||||||||||||
Rob Underwood | FINOSY | ||||||||||||||||||||||||||||||||||||||||||||
Tosha Ellison | FINOS | Y | Mao Pillitu | FINOS | |||||||||||||||||||||||||||||||||||||||||
Alexandra (scribe)Stratigos | FINOSY | Ayaz Haji | |||||||||||||||||||||||||||||||||||||||||||
GS | Eugene Grois | HSBC | Seth Osher | HSBC | Y | Hershal Shah | IHS Markit | Frank Tarsillo | IHS Markit | Nilesh Bhattad | JPM | Peter Smulovic | MS | Oli Bage | MS | Nick Kolba | OpenFin | Espen Overbye | OpenFin | David Landisman | Portware - FactSet | Jerry Savoretti | Portware - FactSet | Brian Mullane | Refinitiv | Katia Banina | Refinitiv | Bruce Skingle | Symphony | Mario Orphanou | Symphony | Lawrence Miller | Symphony | Mike Harmon | Symphony | Sid Nadella | Symphony | Mario Orphanou | Symphony | Justin Peterson | Tradeweb | Mirajana Pantic | UBS | Tony Chau | UBS |
Outstanding Action Items
Task report | ||
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Agenda
Time | Who | Notes from the Meeting | |
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5 min | Convene & roll call | ||
20 min | Object Repository - Update & Next Steps | ||
10 min | Update on Reference Use Cases from FDC3 program | Johan Sandersson | Hammad: Asked Johan if FDC3 has kept repository site separate from working site. Do use cases need to be on the repository site? Johan: FDC3 has own WG for use cases so this piece is taken care of.
Hammad:
Johan: Confirmed FDC3 use cases & FO use cases are the same. FDC3 process isn’t that detailed. Purely desktop interoperability. Hammad: Shouldn’t objects be the same regardless of channel? The object itself should be common? Johan: Agreeds but FDC3 doesn’t want to come up with the object, just wants to import them. FDC3 doesn’t have to have a back and forth confirmation, could just be one way. Seth: FDC3 really is based around intents. So no copying from one application to another Hammad: Would expect portfolio to look the same from example desktop A to desktop B. To make systems understand and can translate, that’s where flow comes in. What is real life scenario to demonstrate this is mapped out? Will: Just want to set structure that objects can be used and if not, are use cases documented in FINOS construct currently? Johan: Yes,confirmed they are in a separate menu item in public Will:
Tosha: Useful to add description verbiage on the FO website for context Johan: Adding on to linkage “thing”. Also gets requests from technologists from FDC3 to hook into technical specification of objects. So they don’t look on the site to figure out RFQ for rates but can look to the code on GitHub so if you write code. FDC3 is looking to FO to build up a code repository they can be used in programing. Or if not, is FO for documentation only? Hammad:
Rich: His example, JPM uses JSON Schema. Doesn’t have to be JSON but works for them. Gives them ability to validate. Hammad - Meta tags & schema are what needs to be cross checked. Johan: Asked Rich if he’d help him & Mao put a real JSON Schema on website by next FO meeting and Rich agreed. Hammad:
Johan: Yes, thinks that depending on importance of object, can use currently built JSON schema |
10 min | RFQ Working Group Status Update and Feedback on RFQ and Order Objects | Will:
Hammad: We should be able to demo at FO WG to share in community how object is being utilized in that flow Johan: Are they using instrument object as identifier in rates object? Will: Mario will address that Johan: Should FINOS mandate? Hammad & Will: Not here to force anyone to use the object. Better to define and the idea is anyone can take an object and use it in flow Johan: But main idea that system not involved in development, you can research how the object was defined then they communicate to the community any changes of versioning Hammad: Community involvement will be able to determine. Mario may not be able to definitively say what works in implementation right now. But he’ll be able to share what has been implemented. Re: FDC3 - anything more to be shared? Johan: Just what’s on summary page. FDC3 documentation should be rolled out end of March. Hammad: Is something being built and shown between desktops? Point to point? Will FDC3 have documentation that shows how implementation can happen? Johan: Yes Will: The base attribute foundation can be compatible with FDC3 or not? Johan: Yes. | |
10 min | Update on Equity OTC Use Case | Mira Pantic/Hammad | Update from Hammad:
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5 min | AOB & adjourn | Rob: Did Seth self register or reach out to help? Wonders if FINOS is not communicating that people can self register/serve. Asked for feedback. Seth was able to register but can’t edit. Rob mentioned could be entitlement issue. Seth will update wiki & GitHub sites in parallel Hammad asked for any topics in future sessions. No comments or requests |
Decisions Made
Action Items
- Building use case linkage back in - Will & Mao
- FDC# use case examples - define reference objects & use cases to fit into this model with real life examples
- Johan to work with Hammad & Will to define specific scenarios
- Rich to look for documented schema to be codified and retrievable which can define reference objects.
- #4 will help build out reference site & how to integrate between 2 sites
- Hammad/Tosha/Will will work together to get verbiage on to the site for any new contributors
- Mario to join next session