The Rights Automation for Market Data Community Group has been launched:
The aim of the Rights Automation for Market Data Community Group is to develop and publish a market-data profile for ODRL.
Market data is mostly the pricing and trading data for financial instruments (and their associated indices) generated by trading venues. The licenses controlling its use are frequently complex, and tightly segment the underlying data.
We will model these licenses using ODRL and extend the language with a profile that defines the new terms required. This group will publish Specifications.
With a standard, machine-readable way of describing market data licenses, we can look towards automating rights-management along the market data supply chain and drive efficiencies in financial markets.
The group welcomes the involvement of domain experts in licensing (especially market data) and those skilled in modeling licenses (especially using ODRL).
This is a community initiative. This group was originally proposed on 2020-03-12 by Benedict Whittam Smith. The following people supported its creation: Benedict Whittam Smith, Bob Bailey, Paul Klug, Mark Durenberger, Mark Bird. W3C’s hosting of this group does not imply endorsement of the activities.
We invite you to share news of this new group in social media and other channels.
If you believe that there is an issue with this group that requires the attention of the W3C staff, please email us at firstname.lastname@example.org
W3C Community Development Team