Upcoming Webinar: Introduction to the ACTUS Algorithmic Methodology

Title: Introduction to the ACTUS Algorithmic Methodology

Description: This webinar introduces the fundamental concepts of ACTUS (Algorithmic Contract Types Unified Standards) that are being proposed as an ISO standard. ACTUS defines a set of mathematical functions and operators and a well-defined set of event types, state variables and state transition rules that provide the necessary fundamental elements (“primitives”) to model the behavior and forward-looking cash flows of financial contracts. This set of core ACTUS algorithmic primitives is part of a methodology that is used to express existing (and new) types of financial contracts and their legal cash flow obligations, and which enables the consistent analysis of financial contracts spanning the wide range of financial products in use at financial institutions. This webinar is tailored to provide background for ISO/TC 68 members on ACTUS and the ACTUS methodology.

Speakers:

Willi Brammertz
Chair, ACTUS Users Association
ACTUS Users Association

Jeff Braswell
Chair, ACTUS Financial Research Foundation (Liaison A to ISO/TC 68/SC 9)
ACTUS Financial Research Foundation

Host:

Jim Northey
Chair, ISO/TC 68 Financial Services
CTO, CalcGuard Technologies, Inc.

Webinar registration:

To register for the webinar, please click the following link:
https://us02web.zoom.us/webinar/register/WN_Do2e0oZKQtad4L6Hjkaebg

After registering for the webinar, the registrant will receive an email that includes information on how to access the webinar.

Bios:

Willi Brammertz – Dr. Brammertz defined in his PhD thesis the elementary parts of finance which form the basis of any financial process including transaction processing and financial analysis. Based on this foundation, the concepts were continually refined and further developed and published in the book “Unified Financial Analysis” (https://onlinelibrary.wiley.com/doi/book/10.1002/9781119206071) which became the basis of the Open-Source Contract Standard ACTUS (www.actusfrf.org). He also speaks regularly at conferences.

In his entrepreneurial life, Dr. Brammertz created riskpro which is now “OneSumX Risk” from Wolters Kluwer and considered a world leading enterprise risk system. Currently, he is Chairman of the ACTUS Users Association and CEO of Ariadne.

Jeff Braswell – In response to the 2008-2009 financial crisis, and drawing upon his success in delivering enterprise risk management solutions at scale for many of the world’s largest banks as President and CTO of his former company, Risk Management Technologies, Mr. Braswell became a coordinator and lead editor of the enterprise business and data architecture requirements work product deliverable that established the design and operational plans for the Global LEI System sponsored by the G-20 Financial Stability Board (FSB). This work led to his being subsequently appointed as one of the founding Directors of the Board of the Global LEI Foundation (GLEIF), where he served for 6 years and chaired the Technology, Operations and Standards Committee. 

Mr. Braswell is currently the Chair of the Board of Governors of the ACTUS Financial Research Foundation, and he participates in a number of financial standards initiatives, including ISO 20022 RMG and TSG, TC 68/SC 9 and BIAN. He co-chairs the ASC X9 Industry Forum for Financial Terms Harmonization, is a member of the Derivatives Data Elements Industry Representation Group (DDE-IRG) established by the Regulatory Oversight Committee (ROC), and is a member of the ANNA DSB Technical Advisory Committee.

Jim Northey – Mr. Northey serves as the CTO of CalcGuard Technologies, Inc., an industry consortium for capital markets order routing transparency, analytics, and execution quality. He was a Senior Vice President of Strategic Research focusing on Protocol Engineering and Standards at Itiviti Group AB, following acquisition of The LaSalle Technology Group, LLC in 2015, which he co-founded in 2006.

Mr. Northey is in his third term as the Chair of the International Organization for Standardization Technical Committee 68 (ISO/TC 68), Financial services.  He is a non-executive director of FIX Protocol Ltd. Jim served as the Global Technical Committee Co-chair for the Americas Region until his election as an FPL director. Mr. Northey is a past member of the Financial Research Advisory Committee of the U.S. Department of the Treasury’s Office of Financial Research; he is also a past member of the Subcommittee on High Frequency Trading of the U.S. Commodity Futures Trading Commission’s Technology Advisory Committee. Mr. Northey previously served in the roles of FIX Americas Region Co-chair and FIX Global Derivatives Committee Co-Chair. He was awarded the FIA Annual Achievement award in 2006 as part of the team that created FIXML for listed derivatives clearing standardization.