Open Source in Finance Forum New York 2024

Have you been wondering about the Common Domain Model (CDM) and why it’s useful? What is it used for across different business scenarios? Come to this session and find out!

This workshop will provide an introduction to the CDM as an open-source financial data and event model that efficiently integrates with other open-source platforms. The agenda includes an overview of the CDM’s financial product model, a demonstration of the code generator, and guidance on integrating the CDM into various architectures. Attendees will learn how to navigate the CDM’s data model, understand its architecture, integrate with external applications, and execute CDM events.

FINOS is also launching a short training course on the CDM, and you will have the opportunity to sample this course during the workshop and learn how to pursue it at your own pace. This will be an interactive, hands-on session, so bring your questions, and we will have answers!

This year, for the first time, we are going to run an FDC3 Workshop. If you’re reasonably familiar with Javascript and want to try coding up some FDC3 this is for you. We’ll be building out some FDC3 financial applications and showing how they interop with other, pre-existing apps. We will focus on the FINOS / Linux Foundation Training Course Developing Solutions with FDC3. By completing this course, you will become proficient in building FDC3-enabled applications and understand how to interop contextual objects between applications, empowering you to understand the construct for defining Contexts and Intents with the ability to define your own custom objects.

ISDA staff and FINOS/ISDA members will provide updates on the expansion of DRR, built on CDM, in 2024, including success stories, planned jurisdictional builds for 2025, and strategies for developing a business case for adoption within your firm. This session highlights a key use case driving CDM adoption among financial institutions and will provide valuable insights into leveraging this innovative model for regulatory compliance.

Earlier this year FINOS launched the Open Regulatory Reporting (ORR) project to simplify Digital Regulatory Reporting (DRR) implementation by developing an open-source pilot of CDM and DRR on cloud tech that anyone can reuse. Attend this session to learn about this collaborative effort and how it enables your firm to easily set up a test environment, showcasing the benefits of open collaboration for future implementations.

The "AI Meets CDM" workshop is crafted for professionals involved in FINOS projects like CDM and the Open RegTech SIG, as well as AI engineers and researchers exploring the application of "LLM paradigms" to financial pre-competitive use cases. Participants will gain insights from industry experts and academics who will share lessons learned and challenges faced when implementing retrieval-augmented generation techniques on the CDM documentation itself. The workshop will cover fine-tuning strategies, best practices for integrating feedback from subject matter experts, and generating synthetic trade data from standardized derivative contracts. Attendees will have the opportunity to engage directly with live chatbot demonstrations, asking questions, evaluating responses, and experiencing an innovative approach to interactive learning.