Implementing CDM : How is it Done, Why is it so Beneficial to Financial Markets Infrastructure?
Talkat Open Source in Finance Forum New York 2022 · on Thursday, 2022-12-08· at 11:55· HUB 4, New York, NY, USA·
summary
CDM is being used as a state‑transition processing standard, not just a message format: implementers serialize the model as JSON/Protobuf, call createBusinessEvent + primitives from CDM libraries, and apply events to rebuild a ledger. Platforms wire CDM into Kafka or databases and use xCore to synchronize multiple data stores with cryptographic guarantees. A 300‑person hackathon validated the design; a smart‑collateral app runs in parallel production handling billions of collateral movements and aims for Q1 2023 CDM integration.
AI-written summary · about
chapters (5)
- 0:00Introduction to CDM
- 1:05CDM use case and implementation
- 12:35CDM and smart collateral
- 27:03CDM’s evolution and adoption
- 38:05Summary and call to action
related talks
42mIT Around Data Management: Finance Industry
30mChange Data Streaming Patterns in Distributed Systems
16mImplementing Blockchain-Based Master Data Management
24mCDC: From Zero to Hero
43mSponsored Session: Operational Data Stores for Financial Risk Mitigation
34mCrafting the Core - Why and How We Built the Core Banking System
37mBuilding a powerful Double Entry Accounting system
12mMDM: K11s Orchestration for Enterprise Data Quality at Scale