14:50:57 <RRSAgent> RRSAgent has joined #md-odrl-profile
14:50:57 <RRSAgent> logging to https://www.w3.org/2021/06/02-md-odrl-profile-irc
14:50:58 <Zakim> inviting RRSAgent
14:50:59 <Zakim> RRSAgent, make logs Public
14:51:00 <Zakim> please title this meeting ("meeting: ..."), jo_
14:51:38 <jo_> Meeting: Market Data Rights Automation - Spec Review
14:51:45 <jo_> chair: jo
14:51:49 <jo_> scribe: jo
14:52:12 <jo_> scribe: jo_
14:56:41 <jo_> This was an editors meeting called to review the document in-depth.
14:56:50 <jo_> Topic: Admin
14:58:37 <Laura> Laura has joined #md-odrl-profile
15:00:08 <ben> ben has joined #md-odrl-profile
15:05:35 <jo_> Topic: Admin
15:05:56 <jo_> jo: noting this is an intervening meeting, so no customary business
15:07:28 <jo_> Topic: Review
15:07:48 <jo_> https://w3c.github.io/market-data-odrl-profile/md-odrl-profile.html
15:08:42 <Caspar_MacRae> Caspar_MacRae has joined #md-odrl-profile
15:09:20 <NigelP> NigelP has joined #md-odrl-profile
15:09:40 <jo_> Jo: Need a numbering scheme, suggest BBen comes up with one.
15:09:54 <jo_> ACTION: Ben to find a way of versioning the document
15:11:43 <jo_> Ben: We have removed Resources as it added complexity without a purpose. We have now only Sources and Assets.
15:12:07 <jo_> s/BBen/Ben
15:13:07 <jo_> present: jo, ben, laura, markb, caspar, marko, nigel
15:13:57 <jo_> Ben: describe Exchanges, Venues. Recommend MIC codes.
15:14:47 <jo_> ... Asset Class: we recommend that people use CFI codes, ISO 10962 to define the asset classes.
15:15:47 <jo_> jo: how do people indicate which scheme they are using?
15:16:11 <jo_> caspar: need prefix to indicate which scheme is in use
15:16:49 <jo_> ben: Compound ID - contains the context and the specific ID
15:17:58 <jo_> ... could say use URN scheme
15:18:30 <jo_> jo: but urn schemes don't universally exist
15:18:56 <jo_> ... and there is a challenge in identifying the contexts
15:19:11 <jo_> nigel: how to identify the universal context
15:19:45 <jo_> ... how do you indicate that you are using a private =context for your identifiers
15:22:19 <jo_> (discussion about how to establish the context)
15:23:26 <jo_> Nigel: establish context with well know IDs if not well-known it's private
15:23:48 <jo_> jo: yes, those could be URIs which we can set up in the standard for well-known ones
15:24:32 <jo_> ACTION: Ben to specify the mechanism for establishing contexts
15:24:41 <jo_> Ben: on to counts
15:26:04 <jo_> (discussion about IDs)
15:26:39 <jo_> MarkB: distinguish AccessID and UserID so we can count people vs machines
15:27:03 <jo_> Ben: need to capture whether its a user or a machine
15:28:30 <jo_> Ben: let's see how exchanges respond ref AccessID being synonymous with UserID
15:28:37 <jo_> Ben: quantities
15:29:16 <jo_> ... need to distinguish substantial from insubstantial
15:29:21 <jo_> Ben: Parties
15:30:07 <jo_> ... concern that existing and prospective parties were not distinct from other types of party.
15:30:44 <jo_> ... these are subclasses of other parties, so the problem becomes moot
15:31:01 <jo_> nigel: what is an external party?
15:31:17 <jo_> ben: something that is not internal etc.
15:31:57 <jo_> markb: in general we are talking entities but could be people
15:32:21 <jo_> ben: asking could an existing client party also be a professional party?
15:32:44 <jo_> ... think not, always refers to people
15:33:09 <jo_> nigel: client party is not a natural person
15:33:26 <jo_> laura: agree
15:33:39 <jo_> nigel: make explicit, then definitely disjoint
15:34:12 <jo_> Ben: party roles
15:35:01 <jo_> ... have not changed the roles but have found that worth simplifying the roles
15:35:39 <jo_> ... e.g. originator defines rights, and if they are delivering too then they are in addition a provider
15:37:44 <jo_> jo: would be good to see a picture of all the roiles joined up
15:38:06 <jo_> ben: we will illustrate the flow describes in 2.1.7.2
15:38:34 <jo_> caspar: roles make sense
15:38:49 <jo_> ... but each of the definitions associates a party with an asset
15:39:12 <jo_> ... they are a "is a" relationship, can't see how they tie to the asset
15:40:32 <jo_> ben: not sure how to answer that directly
15:41:03 <jo_> (illustrates options for how this could be done)
15:42:40 <jo_> caspar: used to satisfy constraints
15:43:43 <jo_> nigel: distinguish your own data and third party data flowing through the context
15:44:13 <jo_> caspar: purely about propagation down the supply chain
15:44:40 <jo_> ben: Caspar and Nigel can you formulate questions and then I can generate answers through the model
15:45:48 <jo_> ACTION: Caspar and Nigel to formulate questions about roles and relationships with Assets
15:46:10 <jo_> Ben: Activities
15:46:59 <jo_> ... we talked about Calculating Index - use of a facilitator means the exchange has to be paid
15:47:06 <jo_> ... show how to model that
15:47:41 <jo_> (ben shows screen)
15:48:02 <jo_> ben: would model as a permission that only a service facilitator can use
15:48:45 <jo_> ... OK
15:48:48 <jo_> laura: yes
15:50:21 <jo_> ben: calculating agent is a service facilitator, or is there a deeper distinction that needs to be made?
15:50:34 <jo_> (agreement that this works)
15:51:23 <jo_> caspar: do we need to take account of things like indemnity?
15:51:34 <jo_> ben: don't think so. Hope not.
15:52:06 <jo_> ben: Trading Platform changed from platform trading
15:52:23 <jo_> laura: yes, it's the venue
15:52:35 <jo_> ... not a technology
15:54:14 <jo_> markb: need to make it a verb
15:54:45 <jo_> ben: wanted to keep short but: Offering a Trading Platform is what is intended. Will change
15:54:53 <jo_> ben: data Management
15:54:59 <jo_> s/data/Data
15:55:16 <jo_> laura: people touch the data but don't know what it is
15:56:07 <jo_> ben: need to add in the term "support" here somewhere
15:56:23 <jo_> laura: some orginators think they are users, others don't
15:56:38 <jo_> ben: moving on to control
15:57:03 <jo_> ... Restricted user Group and Closed user group defined here
15:57:19 <jo_> ... sometimes see reference to Open User Group
15:57:26 <jo_> ... but what does it mean?
15:57:58 <jo_> laura: not sure what it means
15:58:05 <jo_> present+ ali
15:58:23 <jo_> ali: are we talking about users in a firm
15:59:05 <jo_> ben: think we need a new property, system provider, is it the vendor?
15:59:24 <jo_> ... need to distinguish who is going to provide it
16:00:20 <jo_> ben: example from Deutsche Boerse contract
16:01:19 <jo_> ... Web hosting ... discussing the example on screen
16:03:00 <jo_> markb: would control provider be better than system provider?
16:03:19 <jo_> ben: trying to minimise the number of terms
16:03:34 <jo_> ... system provider is given context by where it is
16:04:35 <jo_> ... coming back to Web hosting
16:04:47 <jo_> ... think it is just a type of distribution
16:05:27 <jo_> laura: what is the context
16:05:52 <jo_> ben: there are two things they pick out - web hosting and white labelling
16:06:09 <jo_> ... do we need those terms or can we build the context out of terms that exist
16:07:22 <jo_> (discussion)
16:07:36 <jo_> Nigel: white label implies hiding the original name
16:08:54 <jo_> ben: end party does not have ability to store or process the data
16:09:31 <jo_> ... so that says that we can use existing terms
16:10:11 <jo_> laura: very important, can we store x dataset in our cloud?
16:10:33 <jo_> ... vs web hosting
16:11:04 <jo_> ben: how common are web hosting and white label? Are they central to licenses are peripheral
16:13:02 <jo_> mark: very common in exchanges we deal with
16:13:10 <jo_> ... definitely not nothing
16:14:45 <jo_> Ben: service seems to be important
16:14:59 <jo_> nigel: needs to be modelled
16:15:17 <jo_> mark: used less specifically in the industry
16:16:11 <jo_> ben: specifically relates to derived data, need to say what service does this
16:16:49 <jo_> jo: name as distribution service for clarity?
16:17:45 <jo_> ben: external distribution service, name gets longer and longer
16:18:03 <jo_> mark: remove "external"
16:18:18 <jo_> ben: yes, we'll remove external, nothing changes
16:20:00 <jo_> ben: discussion of refines
16:20:12 <jo_> jo: uses the term Resource
16:20:23 <jo_> ben: need to do a global correction
16:21:51 <jo_> jo: context, earlier discussion, needs to be elaborated - standard contexts and non-standard contexts
16:22:20 <jo_> ben: would like someone else to do
16:22:45 <jo_> caspar: undo me from previous action on me
16:23:48 <jo_> ACTION: Caspar to write some documentation and recommendation around use of identifiers, what is the strategy we should use for all identified things, use of standard schemes and non standard schemes
16:24:13 <jo_> nigel: we said there would be some well-known contexts
16:24:41 <jo_> ben: yes, we will talk to the providers of LEIs requesting them to provide a URN
16:26:15 <jo_> ben: licensee
16:27:05 <jo_> s/licensee/(discussion of actions, wanted to reduce the number of actions)
16:27:37 <jo_> ben: think we can cover things though we have such a small list of actions
16:28:58 <jo_> laura: distribute to external party?
16:29:12 <jo_> ben: think internal distribution is not needed as a term
16:30:13 <jo_> ... explains why we don't need internal distribution
16:32:02 <jo_> ACTION: Laura to provide a couple of potentially problematic use cases so that Ben can see if we can still not need the idea of internal distribution
16:32:20 <jo_> ben: duties
16:32:29 <jo_> ... we have kept it small and tight
16:32:49 <jo_> ... might have to add one more
16:33:01 <jo_> ... have a legally binding agreement on something
16:35:25 <jo_> ... wondering if we are comfortable with having stronger agreement
16:39:17 <jo_> (discussion about what this all means)
16:40:12 <jo_> jo: noted that we have agreed to include "agree"
16:41:07 <jo_> ben: noting that we have reached the end of section 4.
16:42:46 <jo_> Topic: Follow up
16:43:00 <jo_> jo: do we want another session
16:43:08 <jo_> ben: let's do in 2 weeks and give it an hour
16:45:28 <jo_> jo: starting at 1600Z, 1700UK, 1200US East
16:45:38 <jo_> topic: AOB
16:45:49 <jo_> jo: hearing none, meeting closed
16:46:15 <ben> ben has joined #md-odrl-profile
16:46:18 <jo_> scribeoptions: -oldstyle -nologo
16:46:25 <jo_> rrsagent make minutes
16:46:40 <jo_> s/rrsagent make minutes//
16:46:48 <jo_> rrsagent, make minutes
16:46:48 <RRSAgent> I have made the request to generate https://www.w3.org/2021/06/02-md-odrl-profile-minutes.html jo_
16:48:07 <jo_> rrsagent, make logs public
16:48:10 <jo_> rrsagent, make minutes
16:48:10 <RRSAgent> I have made the request to generate https://www.w3.org/2021/06/02-md-odrl-profile-minutes.html jo_
16:49:04 <jo_> s/Topic: Admin//
16:50:25 <jo_> i/topic: AOB/ACTION: Jo to arrange another meeting for 16th June, 1600Z/
16:50:30 <jo_> rrsagent, make minutes
16:50:30 <RRSAgent> I have made the request to generate https://www.w3.org/2021/06/02-md-odrl-profile-minutes.html jo_
16:50:59 <jo_> s/mark:/markb:/
16:51:03 <jo_> s/mark:/markb:/g
16:51:24 <jo_> rrsagent, make minutes
16:51:24 <RRSAgent> I have made the request to generate https://www.w3.org/2021/06/02-md-odrl-profile-minutes.html jo_
16:53:41 <jo_> s/Caspar and Nigel to formulate questions/Nigel to formulate questions/
16:55:59 <jo_> zakim, bye
16:55:59 <Zakim> leaving.  As of this point the attendees have been jo, ben, laura, markb, caspar, marko, nigel, ali
16:55:59 <Zakim> Zakim has left #md-odrl-profile
16:56:07 <jo_> rrsagent, bye
16:56:07 <RRSAgent> I see 5 open action items saved in https://www.w3.org/2021/06/02-md-odrl-profile-actions.rdf :
16:56:07 <RRSAgent> ACTION: Ben to find a way of versioning the document [1]
16:56:07 <RRSAgent>   recorded in https://www.w3.org/2021/06/02-md-odrl-profile-irc#T15-09-54
16:56:07 <RRSAgent> ACTION: Ben to specify the mechanism for establishing contexts [2]
16:56:07 <RRSAgent>   recorded in https://www.w3.org/2021/06/02-md-odrl-profile-irc#T15-24-32
16:56:07 <RRSAgent> ACTION: Caspar and Nigel to formulate questions about roles and relationships with Assets [3]
16:56:07 <RRSAgent>   recorded in https://www.w3.org/2021/06/02-md-odrl-profile-irc#T15-45-48
16:56:07 <RRSAgent> ACTION: Caspar to write some documentation and recommendation around use of identifiers, what is the strategy we should use for all identified things, use of standard schemes and non standard schemes [4]
16:56:07 <RRSAgent>   recorded in https://www.w3.org/2021/06/02-md-odrl-profile-irc#T16-23-48
16:56:07 <RRSAgent> ACTION: Laura to provide a couple of potentially problematic use cases so that Ben can see if we can still not need the idea of internal distribution [5]
16:56:07 <RRSAgent>   recorded in https://www.w3.org/2021/06/02-md-odrl-profile-irc#T16-32-02