2018-06-14 Financial Objects WG Meeting Minutes

2018-06-14 Financial Objects WG Meeting Minutes

Meeting minutes status: Approved (on 2019/07/25)

Table of Contents

Date/Time

2018-06-14 12:00pm US-EDT

Attendees

Name

Organisation

Name

Organisation

@William Quan

JPMC

@Hammad Akbar

Citi

@Johan Sandersson

FactSet

@Jerry Savoretti

FactSet

@Peter Monks

FINOS

Outstanding Action Items

Agenda

Time

Item

Who

Notes from the Meeting

Time

Item

Who

Notes from the Meeting

5 min

Convene & roll call

@Hammad Akbar





15 min

Financial Objects Program Review and Scope

@Hammad Akbar

  • Scope

  • Participation model & requirements

  • Use of the WG call - talk about the specific object(s) currently in focus

  • We can always spin off new WGs, if needed

30 min

RFQ Working Group Status Update

@William Quan



  • Source of these structures

    • Opportunities to leverage existing standards (FIX, ISDA) and "slimline" them

    • Matrix of minimal object properties vs trade workflow state

  • Single trade object vs multiple trade objects (e.g. per product or asset class)

    • A single object is a theoretical goal, but it's more likely there's a common "base" and then it gets enriched on a per product, asset class, etc. basis

  • Difference between order and trade object - is there a difference?

    • Very similar, and that's one of the goals of this group - to ask that question

  • Having the flexibility to enrich or slim down the definitions produced by this group is key

  • Looking for true examples in a very specific set of use cases

10 min

AOB & adjourn

@Hammad Akbar

  • Collaborative model & driving participation

    • Members meeting (June 26th, NYC) and FINOS board meeting (July 11th, London) may be good opportunities to drum up interest

Decisions Made

  • None

Action Items

  • No new action items

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