2018-06-10 Financial Objects PMC Meeting

Meeting minutes status: Draft (pending approval)

Table of Contents

Date/Time

2018-06-11 11:00am US-Eastern

Attendees

NameOrganisation
Citi
FactSet
William QuanJPMC
Peter MonksFINOS

Outstanding Action Items

DescriptionDue dateAssigneeTask appears on
Hammad AkbarPMC Tasks
  • Hammad Akbar, William Quan: PMC meetings: complete the details of the PMC's meeting schedule and dial in information on the PMC page within the Program space
Hammad AkbarPMC Tasks

Agenda

TimeItemWhoNotes from the Meeting
5 minConvene & roll call

Peter Monks (in lieu of PMC Lead)


10 minReview action items from previous meetings (see above)

Peter Monks (in lieu of PMC Lead)

<not covered>

10 minAppoint a PMC LeadPeter Monks (on behalf of Program Liaison)

Specific responsibilities to be shared with the group.

45 minAOB & adjourn

Peter Monks (in lieu of PMC Lead)

  • Discussion regarding Thursday's WG meeting
    • William Quan and Hammad Akbar have been working towards having the Trade and RFQ objects at a point where they're suitable for sharing with that wider group
    • Trade object is the priority, since it naturally "extends" to become an RFQ object
    • William Quan suggests not focusing on demos / UIs initially, since that tends to get bogged down in highly specific discussions around workflows (where they're triggered from, actioned, etc.)
  • Driving broader participation in the WG
    • Johan Sandersson shared internally with the FactSet Portware team
    • Peter Monks shared with Blackrock & Citadel - some interest from Blackrock (Matthew Gardner), but no response yet from Citadel
    • Foundation also chasing up introductions to clearing house folks
    • DovK has come back with some names within MS too
    • Foundation is meeting AQR next week, and this is one of the topics
  • Member's meeting presentation
  • FDC3 Use Cases WG
    • First use case relates to sell side equity trader, and that seems to fit the "Trade" object being discussed here.
    • This WG might codify the object and then provide that to the FDC3 WG?  Challenge is one of timing - they are running ahead with a "simplified" trade object that's going to require multiple transformations between parties.
    • Is there a reason to keep separate groups?  If so, there should be a common line of updates between the FDC3 and FO PMCs.

Decisions Made

Action Items

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