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Why should this group be launched?
This large vertical is not currently covered by any SIG in Hyperledger.
We have a Trade Finance SIG in Hyperledger. Trade Finance deals with financing international and domestic trade primarily by banks. There is exposure to the primary documents connected to trading of goods and services. On the other hand, the Financial Markets SIG will focus on Markets which deal in securities that are fungible, open, regulated heavily and have a lot more flow and participation. This large vertical is not currently covered by any SIG in Hyperledger. Please see the scope section below to get a better feel for the Financial Markets proposal.
Scope
The Financial Markets SIG will study how Hyperledger DLTs should interact with Financial Markets use cases. From issuance and trading of all instruments (primary market) to secondary markets for the continued market-making, dispersal of risk and other activities; regulation; capital requirements; traceability, pre-trade analysis and valuation; post-Trade settlement with custody and bookkeeping. Are there architecture, identity, performance related considerations specific to Financial markets and DLTs. These are questions to be answered by this SIG. In the beginning we attempt to develop a taxonomy of the domain by viewing it in a couple of dimensions.
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Develop a simple taxonomy of Financial Markets; first concentrating on the flow and fungibility of securities (bonds and stocks generalized to derivatives, futures and currency markets) ; issuance, trading, settlement, custody and corporate actions (payment of dividends, shareholder communications, buy backs etc).
Collaborators (other groups):
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