Date

16 Mar 2021

Attendees

Agenda

1) Use Case reminder

2) Where we are on our road map.

3) Open Action Items

4) JIRA Issues Review - https://jira.edmcouncil.org/projects/DER/issues/DER-10?filter=allopenissues

5) Todays content discussion.

6) For next week.

Proceedings:

Today we focused mainly on the next round of updates to the Options ontology (DER-97).

Some areas that need work (at the top level):

need to distinguish who is buying the option from who is buying the underlier – that's sort of there with paying party and receiving party, but we might need better definitions for those parties

market maker - need a definition for this - and there is a need to track who is guaranteeing an option in addition to who issued it

for puts - recent issues highlighted what happens with a failure to deliver because the market maker did not have the requisite shares to cover (e.g., robin hood)

has contract size - what is delivered ... need a restriction on option for this

has lot size - need to review the explanatory note on this, which seems wrong

has odd lot size - missing in instrument pricing, vs. even lot size

In-The-Money A term used to describe an option contract that has a positive value if exercised. A call with a strike price of $1100 on gold trading at $1150 is in-the-money 50 dollars. See Intrinsic Value.

might want to eliminate the restriction for option premium on option, also eliminate the restriction with respect to barrier features at the top level, and include that on barrier option ... see J. G.'s notes, attached

Decisions:

Action items