Meeting minutes
Admin
Resolution: Accept minutes of last meeting
Meeting with Exchanges (FISD)
Ben: we met with exchanges, response was minimal for exchanges
… reported later ... this is going to happen
… we accept that the terms are going to be defined
… little appetite to engage
… will be customer led
(offline discussion as to value to exchanges)
FESE ESMA
Ben: ESMA has introduced guidelines - clear and accessible market data policies
Ben: trade body that represents most European exchanges has started to standarise terms for market data licenses
… not extensive but we will recognise most of the theirs, Ben has initiated discussions with them
… regarding alignment
PROPOSED RESOLUTION: We intend to seek alignment with FESE terminology
Caspar: we have a problem with the definition of derived dat ... too strict
<Caspar_MacRae> (e.g. inclusion of substitution restriction in the definition of derived data rather than as a restriction on the right to distribute derived data (this goes to our right to use derived data internally)
Action: ben to call side meeting to discuss terms proposed by FESE to find agreement between a primarily provider oriented view and a primarily consumer oriented
mark asks whether there is a US equivalent to FESE. Apparently it does not exist
Action: Mark to look at whether there is a North American equivalent to FESE
Identifiers
Caspar_MacRae: all paths seems to leid to iso, who are responsible for lea spec
iso responded to Caspar_MacRae questions about using lei
we had a to and fro about iso vs. iet standard. The gleif will seek to align between the 2
ben: we can adddress any iso code using existing rfc
Caspar_MacRae: confirms
Action: Caspar to post findings on id to list, especially the ability to reference ISO standards already
Caspar_MacRae: has some broad recommendations about IDs
Action: Caspar to report on versioning
ben: getting versioning right is critical
as new license types and use cases come in we don't want implementations breaking
for that we need a robust versioning system
ben: asks group to post versioning use cases on mailing list
Spec Review
jo_: asks if we need to repeat last week's event given the weak attendance
ben: more people needs to read the standard and identify where things are unclear or we need examples
that work can happen in the mailing list as well
ben: comments on the standard from the group needed
ben: standard seems on better shape than a month ago, but still encourages people to read and comment on the mailing list
FISD Meeting 2021-06-24
jo_: encourages people to sign up for the meeting
ben: about 230 people signed up. Good turnout, but high drop out rate is typical
AOB
no topics put forth
<jo_> -- meeting closed