Rights automation group to debut digital language for market data policy expression
Community group that includes JP Morgan, Deutsche Bank, Amazon, and the CME plans to showcase over a year’s worth of work in a bid to drive broader adoption of the digital rights language.
A group of financial firms believes it has cracked the code, quite literally, on how to make usage rights for market data contracts machine readable.
The Rights Automation for Market Data Community Group—comprising the likes of the Chicago Mercantile Exchange (CME), Deutsche Bank, JP Morgan, Google Cloud, and Refinitiv—will at the end of this month unveil the first draft of its finance-specific language model for coding usage expressions in market data contracts.
The group has used the last
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