Proposed Group: Rights Automation for Market Data Community Group

The Rights Automation for Market Data Community Group has been proposed by Benedict Whittam Smith:

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).

You are invited to support the creation of this group. Once the group has a total of five supporters, it will be launched and people can join to begin work. In order to support the group, you will need a W3C account.

Once launched, the group will no longer be listed as “proposed”; it will be in the list of current groups.

If you believe that there is an issue with this group that requires the attention of the W3C staff, please send us email on site-comments@w3.org

Thank you,
W3C Community Development Team