Minutes of the W3C Rights Automation Community Group 2020-05-13

Please find the minutes of today’s meeting at https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html and copied below.

Summary of Resolutions

  1.  LAST MEETING MINUTES AGREED<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution01>
  2.  Adopt Charter<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution02>
  3.  MARK TO BE CO-EDITOR<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution03>

Summary of Action Items
[NEW] ACTION: Ilya to compose a list of standards and send to list
[NEW] ACTION: JO to add irc details to conference call invite
[NEW] ACTION: Mark to find out details from CME
[NEW] ACTION: Paul will raise the question of speakers for FISD as a GitHub ISSUE


Thanks
Jo

Rights Automation Teleconference
13 May 2020
Attendees
Present
jo, Ben, Michelle, Joshua, Mark_Bird, Ilya, phil, paul_klug, natasa
Regrets
Renato, mark_durenberger, Laura, Richard, Michael
Chair
jo
Scribe
jo
Contents

  *   Topics<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#agenda>
     *   Admin<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#item01>
     *   Work to date<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#item02>
     *   AOB<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#item03>
  *   Summary of Action Items<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#ActionSummary>
  *   Summary of Resolutions<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#ResolutionSummary>

________________________________

<scribe> scribe: jo

Admin

<scribe> ACTION: JO to add irc details to conference call invite

Agenda https://w3c.github.io/market-data-odrl-profile/agendas/md-odrl-profile-agenda-2020-05-13.html


minutes https://www.w3.org/2020/04/29-md-odrl-profile-minutes.html


RESOLUTION: LAST MEETING MINUTES AGREED

<inserted> jo: last meeting we agreed to postpone adoption of charter to this meeting to allow time to review

RESOLUTION: Adopt Charter

ben: key output is syntax and semantics of a profile of ODRL, i.e. a set of terms
... these will be presented in a document
... mark is to join ben in editing the doc and implementing resolutions of the group

mark: introduces self and provides backgroud

ben: to add DataBP already has model so familiar terriotry

mark: yes, doing it for a long time

RESOLUTION: MARK TO BE CO-EDITOR

Work to date

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


Ben: link to test cases, kindly provided by Michelle
... this type of question gets asked day in day out
... 9 examples, derived data, distributed data, non-display use
... if we can generate queries to get answers then we are making peoples lives easier
... so they are part of our success crieteria
... and as we go along be confident of the utility of the spec
... Paul and Phil are there people we can go to in Refinitv to add to the questions?

Michelle: tried to take generic examples
... distributor has different questions to those already asked
... some key questions here
... hot topic redistribution, putting in 3 scenarios
... also non-display use with various scenarios
... finally looking at derived data - complicated area, many different takes on this, gave a few examples

Ben: Question about "small amounts of data", some licenses cover it

Phil: recognise the things Michelle is calling out, systematic and non-systematic
... limited amounts of data for non-commercial use is common

Michelle: no exact measures hard to measure

Phil: sometimes down to not competing with other parties
... would be good to agree standard way of expressing these things

Michelle: rare to have a yes/no anser

Ben: we should ask CME how we should answer these types of questions
... I also translated Deutsche Bourse "non display use", anyone got a contact there as I'd like to get some answers

Paul: ??? within Refinitv would be a good place to go

mark: like the gradation of complexity of the examples provided by Michelle

Ben: are we involved in a purely descriptive process or are we going in to the territory of "best practice"
... don't have a strong opinion yet

Paul: think it's a natural outcome of what we are doing, to provide clarity

<benws_> https://w3c.github.io/market-data-odrl-profile/translations/CME-CatA.html


ben: we know CME is fairly happy with the above, needs testing against Michelle's criteria
... if you can't find out what the data is then it's difficult to make this work
... there is no universally scoped id for the underlying resource
... fairly surprising but nothing other than textural description
... we do seem to have codes for the platform where data generated
... globes has a code
... but also other references to clear port and open outcry
... what's the licensing significance, mark

Mark: can't comment but will take up with CME guys

<scribe> ACTION: Mark to find out details from CME

BEN: is there technology that helps us link data to the license

Ilya: need to agree standar as to how assets and counterparts are identified
... needs to be sufficient to pick the right license

Phil: think it needs to be in scope of work, the first thing to do ... ids of suppliers, distributors etc.
... then we can tie back to the contracts
... also need asset type, content class ... rules that are in contracts refer to them
... I'd like to see us address those things first

Ben: will follow up on that then

Ilya: let's not re-invent the wheel, there are pre-existing standards that we can utilise

Ben: could you circulate a list of those standards?

<scribe> ACTION: Ilya to compose a list of standards and send to list

Ben: Another point is (ref Deutsche Bourse non-display) if we can show progress in the most complex area of the business then this will give us some enhanced credibility
... thanks to those who contributed to the discussion about this on list
... what the purpose of this was
... gives rise to a list of things that have to be done as a consequence
... often not confident in whether any particular use is a non-display use or not
... what are the really deep issues?
... Things suppliers are sensitive to are:
... are you distributing it, are you creating financial instruments, are you doing automated trading and at what scale
... if we can itemise those sensitivities then maybe we won't have to make exhaustive lists
... (ben reads a list, which he makes the point is clearly non-exhaustive, which is not useful for automation)
... would avoiding the listing in the way suggested work?

Mark: end-users need to be certain that their use is permitted
... don't know that can avoid making the exhaustive list

Ben: will be surprised if the terms are actually clear enough even if you do list them
... always a level of inherent ambiguity
... so the principles are important

Michelle: think it's about separating out trading activities, so it's more down to the purpose of the application

Ben: suppliers are particularly sensitive to some things, I hope that there is a small number of those big ticket terms
... we will need to investigate
... we are still bootstrapping and we haven't yet got rhythm - Mark and I will churn the terms - and add them to the document
... main work of the group is to agree and publish the terms in that license
... should have a decent number of terms next time we meet

AOB

Paul: we have been working with FISD, they are interested in June, virtual, abbreviated version of the ones in September and January
... looking for speakers

jo: let's raise as an Issue

Ben: FISD seminar asked the question - what are the most important trends - 1) standardisation of market data, 2) tools and services to support

Paul: seminar is about evangelism, would be nice if same speakers to cut down preparation time

jo: meeting closed

<scribe> ACTION: Paul will raise the question of speakers for FISD as a GitHub ISSUE

Summary of Action Items
[NEW] ACTION: Ilya to compose a list of standards and send to list
[NEW] ACTION: JO to add irc details to conference call invite
[NEW] ACTION: Mark to find out details from CME
[NEW] ACTION: Paul will raise the question of speakers for FISD as a GitHub ISSUE


Summary of Resolutions

  1.  LAST MEETING MINUTES AGREED<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution01>
  2.  Adopt Charter<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution02>
  3.  MARK TO BE CO-EDITOR<https://www.w3.org/2020/05/13-md-odrl-profile-minutes.html#resolution03>




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