Market Data Rights Automation Community Group Teleconference -- 14 Oct 2020

<jr> scribe: joshcornejo

Admin

Jo: Admin topics

Ben: left Refinitiv, with a startup to work in tadah! market data, the name of the company is Deontic Data ... <defines deontic>

<jr> PROPOSED RESOLUTION: Ben to continue as co-Chair

RESOLUTION: Ben to continue as co-Chair

<inserted> Jo: propose to use a more modern teleconf system, with transcription, maybe, anyone have a problem with Zoom or Teams?

Laura: prefers zoom, but can use either

Jo: Zoom can be used at DB

<Ilya_Slavin> Michelle Roberts is sending her apologies as she won't be able to make the meeting today

Jo: resolve to accept the minutes from the last meeting

RESOLUTION: Accept minutes of last meeting

Update on Deliverables/Proof of Concept

Ben: reach agreement into what we want to deliver and when, Mark & I had a meeting earlier in the week. Aimed at delivering of the first version of the standard and a PoC by the end-of-january (2021).
... if that is a target date we can all aim for.

Mark: the definition and presentation of use cases, how we want to test against that standard and do that in a PoC

Jo: why don't you kick us off, either of you

Ben: I'll make a start. The first thing is the scope of the standard, and what is the standard to cover.
... I am going to quickly post a document to the chat

<jr> https://w3c.github.io/market-data-odrl-profile/md-odrl-profile.html

Ben: There is a document that maps from machine readable to human readable
... then what is the scope and that we cover enough ground in that standard
... we made a huge step
... when Laura published those examples
... to translate those documents into the standard would be a success

<jr> https://github.com/w3c/market-data-odrl-profile/blob/gh-pages/Test-Cases.md

Ben: What we are working is to capture 80% of those standard questions and to deliver the answer to those questions into that standard.
... we have around 16 Questions, if we can push that to 50
... this is similar to programming test cases
... as an Exchange if I can answer my questions with this standard
... let's push this by the end of january
... convert those documents that Laura has provided

Mark: should we give a prize to the person that transforms more ?

Ben: we can set aside some time

Mark: we can break away, and maybe do some batch action

Jo: if we could use the lists (email)
... we seem to have very low traffic, which is a shame

<jr> scribenick: joshcornejo_

Ben: we should set aside some time in the agenda for next meeting and make a call for people in the mailing list

Jo: that's fine
... lets do a straw poll to see who can contribute
... we are not talking about anything formal

<Laura> I can.

Ben: no

Jo: in the most natural language terms

Mark: I've raised my hand

Caspar: raised my hand

<Ilya_Slavin> Ilya: no

Olga: me

Ben: and Phil

Jo: thank you all for volunteering

<jr> ACTION: MarkB to kick the conversation off on list

Jo: OK great

Ben: we want to build some code around the standard by the end of january
... i've had a few conversations
... there are 3 areas, fantastic areas
... one is around following the workflow from requesting from an organisation, chasing the requirements to satisfy
... if there are any invitations out there satisfying those requests
... one of those I am interested in
... capturing information in natural language
... second there is some interest in automating in access control
... running a PoC around tic history
... augmenting around access control system
... there is a potentially simple solution
... when machine accts register we can put all sort of rights metadata
... and we can do a compliance check
... if it can be or not associated with those elements
... it might focus on registration of machine accounts
... much simpler technical issue than dealing with access control systems
... then third is CME's accessing data and using policies to control what a consumer can access to
... those are three potential areas, wondering if members of the group have further areas or comments around these three areas

Ilya: are the 2nd and 3rd not similar enough that can be the one and the same

Ben: I thought that at first, but the 2nd one (fulfilment) focusing on the machine accounts which is slightly different component

Ilya: if you are able to solve the 3rd, you solved the 2nd one ...

Ben: yeah I agree, they are solving the same problem with slightly different approaches
... and we need them both

Jo: to prove interoperability, we should address them in complexity order

Ben: no, I don't think so, I think we need both approaches .... driven by people that are willing to collaborate and provide some resource. In a sense we will tailor them based on what resources are available.

Jo: two questions come to mind: who would be keen on behalf of their organisation to participate and 2nd in which area Ben mentioned are you interested to participate

Adam: we are happy to support PoC
... many are customers, they will have to decide from those running on AWS which test cases and we can get resources from our organisation (AWS) to support those PoC

Jo: if there are significant resources, we will need a PMO

Adam: long term project management is not a strength

Jo: anybody else ?

Mark: DataBP can participate in the generation of ODRL documents

Ilya: what is the success criteria for the PoC?

Ben: can a computer interpret a policy to ensure that only a compliant process can occur ? Is that enough of an answer ?

<jr> (MarkB notes that the use cases collapse to "use by humans" and "use by machines"

Ilya: are you looking at some proof or some code ?

Ben: if you have a machine reading a policy and some output ?

Mark: why don't we focus on a single duty ? like have you paid your invoice?
... something really simple
... maybe a good PoC

Ben: to some extent, you know the answer on that. that depends on how many people are using your services

Mark: in terms of generating license rights, anybody can consume that. Anybody downstream can consume that - I don't know if anybody is consuming those services

Ben: to check if any invoice has been paid or not, for many organisations is not trivial. Maybe DataBP does for some customers and is trivial.

Mark: maybe we pick something that is relatively straightforward, that we can demonstrate some real world changes

Ben: I agree with what you're aiming at. <speaks about machine example again>

Mark: and maybe have a workflow - register that machine and it comes back green

Jo: from the point of view of PoC, it has to be useful an impactful.
... what are the things that are going to make an impact to people's life ? is there something that will make more impact and doable within the PoC.

Mark: maybe registering a machine

Jo: ... so we can bring more people to join.

Ben: in terms of PoC I think it should be exactly what you are describing
... what we are struggling at the moment is a PoC at the machine side

<jr> (laura gives example of checking)

Ben: a machine at the downstream process

Laura: OK

Jo: we're saying that we definitely Laura's example will be elaborated. Ben - who is doing this elaboration?

Ben: I will be doing this elaboration and looking to collaborate with people to do that enforcement.

Mark: is that a topic for a breakout ?

Ben: let's have a breakout next Wednesday on the machine side of this

Jo: can we narrow down what we want to get out ?

Ben: can we find a use case that maximise the number of actors ? The more people the better to prove to the industry ?

Ilya: I volunteer and Atiq ?

Casper: as well

Joshua: me too

Mark: will join for sure

Olga: I will see if I can bring someone

Olufemi: I will like to join too

Jo: that's a good amount of interest
... will you make the arrangements Mark?

Mark: I can do it

<jr> ACTION: MarkB to arrange a break out next Wednesday on "the machine use case"

Phil: I've not done much recently
... I know you're focusing on this for a reason. But machine accounts is just one example
... I understand why, but any kind of fulfilment of service for a party is going to be subject of compliance checks, geographical or organisation or all sort of things
... a machine account example or fulfilment of service to any

Ben: could be anything, just trying to find common ground
... it could be any one of those scenarios you mentioned

Paul: maybe we can get someone from Refinitiv

Ben: that would be good

Jo: not asking people to sign up in blood, we'll leave it with you Mark

Ben: I think I am talked-out

Jo: move to AOB

AOB

<jr> (Thanks again to Josh for Scribing)

<jr> (All best to Ben in his new venture)

- DRAFT -

Market Data Rights Automation Community Group Teleconference

14 Oct 2020

Attendees

Contents

Admin

Update on Deliverables/Proof of Concept

AOB

Summary of Action Items

Summary of Resolutions

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