Open Source in Finance Forum New York 2022

This session will show how FDC3 2.0 can improve an end user's workflow for salespeople and research analysts across buyside and sell-side institutions. The session will walk though a real life use case demonstrating how FDC3 allows a number of applications interact across a user's desktop. It will also show how users can interact across multiple desktops and inter-firm. The session will highlight the advantages of using the FDC3 protocol as well also focus on some of the technical and implementation challenges encountered. Finally the session will discuss 'the art of the possible' and how the latest FDC3 version opens up new opportunities for workflow solutions.

A growing list of developing countries and mobile money operators are turning to digital public goods as a path forward to achieve their interoperability and financial inclusion goals. A new post-COVID-19 digital renaissance is emerging. More than 100 countries have made digital government-to-person (G2P) payments possible during COVID-19 and now have the potential to scale up their interoperable payment system designs to provide permanent relief to their unbanked populations. Digital public goods (DPGs), such as Mojaloop, an open source software recognized by the Digital Public Goods Alliance, are the catalyst to interoperable payments systems and G2P payments that could bring the 1.4 billion people unbanked into the digital economy – especially since most citizens already own a simple mobile phone. If successful, the $10 trillion-dollar informal economy could have a direct pathway into the digital financial sector.

Low-latency, high-performance electronic trading networks predate the emergence of cloud computing by more than a decade. Due to the stringent performance demands of this workload, schemas are explicit, encoding is binary and transports are unreliable. Cloud computing, on the other hand, favors self-describing text-based encoding and stateless transports like HTTP. This results in excellent interoperability between services and teams, but results in inefficiencies that compound at scale. This talk will discuss the challenges of bridging these two worlds and illustrate patterns that the speaker has used to solve the problem of analyzing granular electronic trading data in the cloud. The audience will be taken through a history of common electronic trading protocols such as FIX, ITCH and Simple Binary Encoding. The speaker will identify the differences between high and low-context encoding, and describe the obstacles encountered ingesting common electronic trading formats into cloud-native services. The session concludes with a pattern for integrating the two worlds harmoniously by deconstructing schemas, encodings and transports.

This presentation will introduce you to FDC3 Desktop Agent bridging—a proposed new part of the FDC3 Standard and FINOS-contributed project, allowing you to interconnect multiple FDC3 Desktop Agents and the applications they host. With this new part of the Standard we can go one step further than interoperability, allowing workflows to span apps hosted by multiple Desktop Agents. This is a game-changer for firms who have their own in-house Desktop Agent and want to connect to Desktop suites from vendors and other firms for seamless workflow, without the need for bilateral integration projects. Joining us in conversation will be NatWest Markets, whose recent contribution of the 'BackPlane' project to FINOS is the first implementation of a Desktop Agent Bridge. BackPlane can connect Desktop Agents whether they are running on the same PC or multiple PCs on the same network, as well as providing support for integrating of monolithic legacy .NET apps that don't yet run in a Desktop Agent. In this presentation we’ll discuss: What is Desktop Agent Bridging and why do we need it? How the proposed Desktop Agent Bridge and its implementation in BackPlane works How can you get involved

FDC3 is an open-source standard which has been around for over five years and has attained wide industry adoption. Until now, there has been no open-source option for building FDC3-enabled platforms. The FDC3 Sail project solves this gap with a full-featured and completely open-source implementation. We will demonstrate how easy it is to build an FDC3-enabled platform and get started on your FDC3 journey.

Systems of today are increasingly under immense pressure to provide high performance operation in the face of failures and being available around the clock, 7 days a week, all through the year while doing so. Aeron has been a trusted high performance messaging transport in the finance open source community since 2014 and has proven itself in some of the most demanding trading applications. Aeron Cluster has demonstrated fault tolerant operation in the face of region-wide failure. Adaptive partners with capital, commodity, and digital market participants that value differentiation through technology. In this session, we will discuss lessons learned from working with systems that have 24/7 operational demands along with high performance fault tolerant operation in cloud and on premise. Some of the things we will discuss are: - Best practices for deploying intraday changes while staying highly available. - Reducing or eliminating downtime during region-wide failures. - Role of infrastructure and applications in highly available, quick deployment systems, and - What Adaptive has in store for Aeron and Aeron Cluster in the future.

Digital wallets are secure places where we can keep money, IDs, and credentials. More generally, they can be the convenient interface we feel comfortable to keep & manage all types of digital assets or any confidential or valuable data. How can such universal wallets be realized? How can these wallets from different vendors and/or industries be universally interoperable over the Internet/web in the same way the Internet/web itself is universally accessible? In this talk, Wenjing will lead a discussion on this vision of trust over the whole Internet/web, what tremendous benefits - financially and socially - it can bring, and most importantly, how we can achieve it through an Internet inspired architecture and open source. Prominent open source implementations & community specs, e.g. DIDcommv2, KERI, DWP/Web5 (TBDex), libp2p, Indy/Aries, OpenID/FIDO etc. will be presented as case studies to demonstrate path for interoperability based on this architecture. We can have the cake and eat it too.