XAware Announces RIXML Components for Financial Services Integration
Integration Building Blocks Enable Financial Services Firms, System Integrators and Software Vendors to Rapidly Adopt RIXML
Colorado Springs, Colorado, USA. December 17, 2002.
XAware, Inc., a leader in XML-based information exchange and data integration, announces the availability of a suite of software components to help system integrators, corporate IT groups and software vendors implement RIXML for financial services applications.
First launched in April 2001, RIXML (Research Information Exchange Markup Language) is an industry-standard dialect of XML that enables the assimilation and distribution of research information. The benefits of RIXML include increased efficiency of research distribution, more effective targeting, personalization and overall usability.
XAware's RIXML Components are targeted to financial services firms such as brokerage houses, asset management companies, mutual fund managers and securities houses. XAware's "building block" approach allows firms to rapidly connect within an existing framework, manage and integrate data and technology from multiple vendors, and progressively incorporate more data into the RIXML standard. The XAware solution enables common information models leveraging XML-based standards for interoperability, and is an engine for compliance with the RIXML standard.
"After successfully completing a RIXML integration project with OppenheimerFunds, XAware is leveraging this experience by packaging a set of RIXML-based integration components," said Bill Miller, chief executive officer of XAware. "These new building blocks reduce the complexities of adopting the RIXML standard, while allowing companies to migrate research data over time with an immediate ROI."
RIXML.org estimates that, in addition to internally published content, over 800,000 research "reports" and more than 900,000 research "notes" are published annually. This content represents over 6,600 documents a day, or five documents per minute. Further, financial firms generate "ragged" data content in the form of memos, email and telephone contact logs. RIXML provides an open, extensible and flexible standard to categorize, aggregate, compare, sort and distribute this growing body of research information more easily, and reduce information overload.
Integration of research information using RIXML will benefit both buy-side and sell-side firms. Buy-side firms will benefit from enhanced search tools, greater ability to aggregate research information from multiple sources, better personalization, and the ability to generate views with only the most important portfolio information. RIXML allows sell-side firms to add value by getting research to the right people at the right time, delivering a uniform publishing methodology, providing enhanced branding and brand awareness, and enabling firms to personalize, customize and target content using multiple delivery mechanisms.
A white paper that discusses data integration using RIXML in financial services applications, "Challenges and Solutions for Leveraging RIXML," is available from XAware at http://www.xaware.com/rixml.
About XAware, Inc.
XAware, Inc. is a worldwide leader in XML information exchange supporting both J2EE and Microsoft .Net technologies. XAware's patented lightweight embeddable data integration components dramatically reduce time to market, while increasing interoperability for application vendors in the financial services and government sectors. Focused on serving the needs of systems integrators and software vendors, XAware software components reduce the complexities of accessing, transforming and integrating disparate data and application resources. Founded in 1999, XAware is based in Colorado Springs, Colo., and is venture-backed. For more information on XAware, visit www.xaware.com or call 719/884-5403.
Tel: +1 719/884-5403
Prepared by Robin Cover for The XML Cover Pages archive. See: "Research Information Exchange Markup Language (RIXML)."