Date
Attendees
@Gary Miller Intain- Software that manages FSI (Financial services Infrastructure)
@Mani Pillai Swapshub CEO
@Ron Quaranta Head Wall Street Blockchain Alliance (WSBA)
@Tong Li IBM Fabric deployment project (Cello) and Fabric Interoperability WG chair
@Santanu Mukherjee
@Kirthi
Goals
- Present CDM derivhack in the context of standards around securities trading (mostly post-trade) settlements, events and other data.
- Go through status of current projects
Discussion items
Time | Item | Who | Notes |
---|---|---|---|
2 min | Anti Trust Policy & Code of Conduct | ||
10 min | Introductions: Welcome new members | All | |
10 min | #Derivhack and CDM : report from October 16th and 17th | ISDA DerivHack, | |
5 min | Cash on ledger: spotlight | Srinivasan Muralidharan | |
20 min | Status and plans from the project leads/interested members | CMSIG-Projects | |
Rest | AOB |
Notes
- AntiTrust Policy and Code of Conduct
- All members on call at 10:05 introduced themselves details can be found under attendees
- Vipin Bharathan introduced the concepts around CDM
- Manivannan Pillai gave an presentation around CDM and concepts, mainly from the vantage of Swapshub efforts
- Details can be found in recording.
- How is CDM different from FpML-(uses XML) (uses JSON, generates composable products, events, focuses on off chain standards for hashing (CDM hash) so data can be made interoperable between chains and systems)
- Creates a background for on-chain storage of data (especially extraction of lineage)
- Aids in legal arbitration and clear evidence about contracts for regulators and in case of dispute- allows easy access to this data
- Briefly touched upon the status of digital assets trading, settlements and custody solution being built by Swapshub under CDM
- Extension of CDM from Contractual products to other types of securities (Equities, credit products, FX etc.) currently only functions as underlying
- How standards help interoperability.
- Manivannan Pillai will share appropriate slides after a consultation with Vipin Bharathan
- We could not go into cash on ledger details but touched on the subject briefly
- We went into status of existing projects; since most of the project owners were not present we went through several projects and Ron Quarantaexpressed interest put himself in as collaborator on a couple of projects, namely tokensisation and regulation.
- We need to discuss how to collaborate further on these.
Future talks
Ideas for upcoming talks,
- Quantum computing for trade and post-trade trade
- The Semantic web and Capital Markets- Graph databases- what effects will they have on Capital markets
Action items
- Manivannan Pillaishare redacted slide presentation
- Vipin Bharathan work with project leads on advancing projects.