RIXML 1.0 Released
RIXML Specification Version 1.0 Released for Public Comment
A Commitment to Facilitate Investment Research Distribution Becomes a Reality
NEW YORK, NY, USA. March 26, 2001.
RIXML.org announced today that version 1.0 of the RIXML specification is now available for public comment on its website at www.rixml.org.
Developed by the buy- and sell-side global market leaders that make up RIXML.org, RIXML (Research Information eXchange Markup Language) is an open standard for the electronic exchange of investment research. The RIXML standard will provide a structure for classifying research in a way that will enable consumers of research to define specific sorting, filtering, and personalization criteria across all research publishers. RIXML version 1.0 will be available for public comment over the next 30 days and feedback can be provided through the new RIXML.org website, http://www.rixml.org.
"The release of an initial RIXML specification reflects a broad consensus within the industry on what needs to be done to facilitate the process of electronic research distribution," said RIXML steering committee co-chair David Seibert of T. Rowe Price. "RIXML will enable sell-side research publishers to tag any piece of research content, in any media format, with enough information for buy-side firms to create customized filters that truly put an intelligent throttle on the fire hose of information currently being distributed. In addition, the advanced level of tagging and access to individual research elements allows for a new generation of alerting mechanisms, enhanced user interfaces, and delivery to mobile devices."
"The development of an initial RIXML specification has been a Herculean effort involving many financial industry professionals over the past six months," said RIXML.org steering committee co-chair Joseph Sommer of Credit Suisse First Boston. "Over the next 30 days, we anticipate and welcome comments from many more research and technology professionals. This public comment process will ensure that RIXML 1.0 and its future versions satisfy the requirements of the industry, thereby significantly improving the research distribution process and increasing content value."
Feedback received during the 30-day comment period will be reviewed by RIXML.org and will be incorporated into the current specification or addressed in subsequent releases. The formal RIXML Specification Version 1.0 is expected to be released after the comment period and can be used in proof-of-concept trials with research producers and institutional users. These trials will provide additional insight that can be leveraged when RIXML.org focuses on version 2.0 later this year. This ongoing process of industry driven evolution and adoption of RIXML will lead to continued advances in research distribution technology. Longer-term, RIXML.org is considering developing standards for other categories of investment research, such as debt, foreign exchange and commodity securities.
New RIXML Associate Membership Category Created
The RIXML.org is also accepting additional participants through a new Associate Member category. The new membership category will enable additional buy-side and sell-side firms, as well as third party service providers, consulting firms, technology providers and others to have an impact on the evolution of the RIXML standard by participating in the Standards and Technical Committees of the organization.
"Since our formal launch announcement last October, a number of firms have expressed interest in joining RIXML.org from across the industry," said Standards Committee Co-chair Chris Betz of Morgan Stanley Dean Witter. "The creation of an Associate Membership category will enable us to broaden both the number and types of firms participating in the future development of the standard, while at the same time acknowledging the seminal contributions of our founding buy-side and sell-side members."
About RIXML.org and RIXMLd
RIXML.org is a consortium of buy- and sell-side financial industry leaders who joined forces to develop an open, global standard for the tagging and delivery of investment research.
The founding members of RIXML.org
American Century Investments
American Express Financial Corporation (NYSE: AXP)
The T. Rowe Price Group (NasdaqNM:TROW)
Credit Suisse First Boston (SWX:CSGN.SW)
Deutsche Bank (GR:DBK)
Goldman, Sachs & Co. (NYSE: GS)
JPMorgan (NYSE: JPM)
Lehman Brothers (NYSE: LEH)
Merrill Lynch (NYSE: MER)
Morgan Stanley Dean Witter (NYSE: MWD)
Salomon Smith Barney (NYSE: C)
UBS Warburg (NYSE: UBS)
For more information about the RIXML Specification and RIXML.org, please visit the website at www.rixml.org.
Prepared by Robin Cover for The XML Cover Pages archive. See: "Research Information Exchange Markup Language (RIXML)."