Minutes of the W3C Rights Automation Community Group 2021-01-06

Please find the minutes of last Wednesday's meeting at https://www.w3.org/2021/01/06-md-odrl-profile-minutes.html and pasted below:
Summary of resolutions

  1.  Accept last minutes of the last meeting<https://www.w3.org/2021/01/06-md-odrl-profile-minutes.html#r01>

Attendees

Present
Adam H, Ali M, Atiq K, Belen BP, Ben W, Caspar MR, Emily M, Fred S, Jeremy B, Josh C, Laura P, Mark B, Marko K, Michelle R, Nigel P, Samantha G
Regrets
-
Chair
Ben W
Scribe
Josh C, joshuaCornejo
Contents

  1.  admin<https://www.w3.org/2021/01/06-md-odrl-profile-minutes.html#t01>
  2.  Summary of resolutions<https://www.w3.org/2021/01/06-md-odrl-profile-minutes.html#ResolutionSummary>

Meeting minutes
admin

RESOLUTION: Accept last minutes of the last meeting

Ben: posted link of actions and purposes of things this group is trying to achieve.
… seems there are a number of actions allowed by market data, by combining some properties we can be quite expressive by what is allowed or not
… to start with a set of vocabulary terms, some examples of combinations and finally how some marked data licences can be translated
… expecting some feedback into the correct mapping.
… there is a list of the possible actions <Ben describes what is on the page>

Mark: what we want from the group is that the actions listed are the full set or to build further with the group

Ben: my aim is to describe the whole page and then describe the items themselves
… <Ben continues describing the details of the page>
… <Ben moves to the license description part of the page>

Nigel: <describes his understanding of a Reference Price Based System and how it matches Ben's interpretation as a potential Platform Trading>
… will take some of this to a compliance team to see if there are any bizarre or obscure terms missing

Laura: for now this probably works, probably go away and internally see our internal trading and compliance agree

Ben: that is fantastic, I will also take it to the Exchange to see if we are capturing the intent accurately

Emily: is platform trading meant to be agnostic if trading is on or off the exchange

Ben: maybe, it is not clear to me so far from the licenses
… <Ben moves to the NYSE contract example>

Laura: will check the details of NDU (from the page) for NYSE internally.

Ben: <describes the possible combinations attributes that could be used in the MD language to cover the licenses>

Jeremy: a big part of our business is the retail brockerage, we have a lot of components and we see a new purpose more specific to research and we have display and NDU for research, and we might want to include other elements for non-display.
… so it is something to consider, research, separate from trading.

Ben: are the underlying assets different?

Jeremy: is a different use of the same data (asset).

Ben: moving to CME (from the page)
… there is another pattern worth picking out
… should we be repeating this as a pattern, the automatic trading and the 'signal analysis' as separated permissions

Nigel: they have separate licenses, trading with them vs a third party/separate entity

<Ben & Nigel discuss the some specifics of the CME license example>

Ben: there is a distinction between a derivation and a derived product

<Ben describes the CME 'Derived Data' license>

Ben: does this feel like we are going going in the right direction or does it mean we will have to add a lot of new terms?
… is there something significant missing?

Nigel: I have a question about CME: here you got 2 clauses separated by an OR

Ben: my interpretation is that you get 2 permissions

Ben: I appreciate feedback, iterate around the things that we've said today and discuss such iteration in the next meeting
… move to the next item on the agenda
… related to the PoC

Caspar: We think for the PoC, current vocabulary is fine

Mark: as soon as you can, if you can provide some ODRL output we can try to represent it dynamically on the DataBP side.

Ilya: we seem to have a feature complete of our PoC
… we are passing a policy around provided by DACS and have a simple way to grow beyond from where we are today. We've completed a few of those targets and ready for a presentation when the group is available.

Ben: can we do a demo in a fortnight ?

Ilya: sure

Ben: AOB?